Security News > 2021 > May > The Story of the 2011 RSA Hack

Banks use such devices with "Whales" and "Corporates" as well as Jo Average and her personal bank/cheque account.

The banks actually do not care as others have noted for years, they have "Externalised the risk" and done so "At the lowest possible cost".

As I've remarked before people think it strange that I don't have a credit card, don't do online banking, or online shopping.

Can I see ways to mitigate the behaviours of Banks, Security Companies, and Cloud Providers so that having a credit card, online banking or online shopping carries only marginal loss potential? Yes I can.

"Perpetrators attempted to steal US$951 million from the Bangladesh Bank's account with the Federal Reserve Bank of New York. The theft happened sometime between February 4-5, 2016 when Bangladesh Bank's offices were closed for the weekend."

m.wikipedia.org/wiki/Bangladesh Bank robbery.

News URL

https://www.schneier.com/blog/archives/2021/05/the-story-of-the-2011-rsa-hack.html