I have stated,
on more than one occasion,
that with enough time
and patience any computer system can be hacked.
It is a
Corporate
Corporate
and
Banking
nightmare.
If you are on their side.
"Last year, Russian computer security company Kaspersky Lab said a multinational gang of cyber criminals had stolen as much as $1 billion from as many as 100 financial institutions around the world in about two years."Banking
nightmare.
If you are on their side.
This is why I never keep more than $25.00 in my checking
and savings accounts at my local bank.
I know what you are thinking.
Jim,
the
has guaranteed up to $250,000.00 dollars in your accounts.
Including your checking accounts,
savings accounts,
money market deposit accounts,
and your certificate of deposits.
Or,
will you be thinking,
Jim,
your are broke.
You cannot put more than $25.00 dollars in because you don't have more than $25.00 dollars to give!
Well,
I do what so many Americans did during the
Depression,
I have a really lumpy mattress,
from all that money I stuff it with,
that I sleep on every night.
So there!
One thing you should know,
I am not a lawyer,
even though I play one here on this
Blog.
Blog.
But if you read the fine print of your
when you reach the $250,000.00 dollar plateau,
you are considered as a sort of stock holder in that particular bank you have your funds in.
If the
Bank Fails,
Bank Fails,
it is like when any company goes under.
You are left with what can be divvied up between all the
Stock Holders,
Stock Holders,
then you have to sue for the rest of your money.
So keep your funds under the $200,000.00 mark like I do.
"On Friday, March 11, 2016, North Milwaukee State Bank, Milwaukee, WI was closed by the Wisconsin Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed."
Right off the
FDIC
website.
FDIC
website.
The latest heist in the
Billion Dollar
range was not foiled by our
Billion Dollar
range was not foiled by our
Super Duper Firewalls
set up at the
It was stopped because of a miss understanding of the English language.
"A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last month involving the Bangladesh Central Bank and the New York Federal Reserve, banking officials said."
Those guys.
They went through all that trouble
and then make a spelling error?
"Unknown hackers still managed to get away with about $80 million, one of the largest known bank thefts in history."
At least they can tell there wives there will be dinner on the table tonight.
Those
Firewalls,
how did they help?
You don not need to breach the
Federal Reserve's Firewall
when you can,
"The hackers breached Bangladesh Bank's systems and stole its credentials for payment transfers, two senior officials at the bank said. They then bombarded the Federal Reserve Bank of New York with nearly three dozen requests to move money from the Bangladesh Bank's account there to entities in the Philippines and Sri Lanka." By Serajul Quadir for Reuters
Now,
we have to ask ourselves.
Was it just a bunch of
Kids
on their home computers looking for a way to make a name for themselves?
Or was it just your neighborly
Corporate Espionage
that is so much fun between
Companies
these days.
Maybe one
Nation
against another?
these days.
Maybe one
Nation
against another?
Or,
which is my favorite theory,
is
Kim Jong-un
is still trying to buy parts for his
Nuclear Weapons Program
and maybe was a little strapped for cash?
That
Kimmy,
Kimmy,
he is such a funny guy!
This is,
Wondering If You Still Think It Is A Good Idea Of Letting A Computer Do All Your Driving For You,
Jim Hauenstein,
And,
“If you think that American Capitalism is the most dangerous Institution in the World, it just goes to show, that you haven't partied like there is no tomorrow with the fun loving posse of The Islamic Republic of Iran, North Korea, The Taliban, or ISIS. They all party off the hook!”
- James Hauenstein -
That is my story and I am sticking to it!
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Cell-Phone,
you will see a
on the bottom of the page,
after all the headlines of stories
where it says;
View Web Version.
after all the headlines of stories
where it says;
View Web Version.
To truly get the full benefit of my
Blog,
I suggest you view the web version.
You will just have to expand the page to be able to read it.
Thanks Again.
P.S. The good old fellows at the hacker group
The Moroccan Ghosts
say they only hack
Jewish Institutions
for their money.
It is good to have morals.
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