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My Biggest Fear: Broker Cyber Attacks


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#1 Rogerdodger

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Posted 17 January 2024 - 05:19 PM

JPMorgan Chase fights off 45 billion hacking attempts each day. Double from a year ago!

 

The bank spends $15 billion on technology and employs 62,000 technologists as part of the effort to keep its systems safe from hackers.

"The fraudsters get smarter, savvier, quicker, more devious, more mischievous," she said. "It's so hard and it's going to become increasingly harder and that's why staying one step ahead of it is really the job of each and everyone of us."


Edited by Rogerdodger, 17 January 2024 - 05:22 PM.


#2 fib_1618

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Posted 17 January 2024 - 08:56 PM

JPMorgan Chase fights off 45 billion hacking attempts each day. Double from a year ago!

 

The bank spends $15 billion on technology and employs 62,000 technologists as part of the effort to keep its systems safe from hackers.

"The fraudsters get smarter, savvier, quicker, more devious, more mischievous," she said. "It's so hard and it's going to become increasingly harder and that's why staying one step ahead of it is really the job of each and everyone of us."

 

And if they add the attempts from artificial intelligence, that can keep knocking on the door every second, it would appear that the industry is fighting a losing battle.

 

The "Machine" against "Samaritan".

 

Fib


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#3 cycletimer

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Posted 26 January 2024 - 09:25 PM

What will probably happen is a HUGE Cyber attack that takes US ALL offline with absolutely no access to our banking and/or online brokerage accounts for about one week. When everything returns our US Dollar denominated accounts will have an equal amount of CBDC’s on deposit instead of dollars. Our dollars will go away forever.  The FEAR that results from no access to our money will create an all out buy-in to the new digital currency. 
This is my theory of what will happen, sometime in 2025.