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The Cyber Heists Banks Don't Want You To Know About
Safehaven.com ^ | 05-30-2018 | Charles

Posted on 05/30/2018 3:04:01 PM PDT by bananaman22

Bank robberies aren’t as exciting as they used to be when they were the stuff of Ocean’s Eleven style, or the coarser Bonnie and Clyde. No more black balaclavas or dead president masks. No more guns, no more physical threats. This is the age of the cyber thief, and Mexico’s recent $110-million bank heist didn’t even require a criminal to touch the money at all. With a push of a button it was gone--almost.

Gone, too, is the excitement of getting caught up in a bank robbery as dramatized on television. But the lack of physical excitement also means that no one needs to know when a bank’s been robbed. It’s all cyber, so it can all be kept on the down low.

(Excerpt) Read more at safehaven.com ...


TOPICS: Business/Economy; Computers/Internet; Politics; Science
KEYWORDS: bankheist; banking; banks; cyberattacks; cybersecurity; hacking

1 posted on 05/30/2018 3:04:01 PM PDT by bananaman22
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To: bananaman22

Several times over the years, my bank (Chase) has issued me a new credit card (Visa) for no obvious reason. “Please destroy your old card immediately and use this one instead.” I’ve always assumed it was because of some sort of massive data breach — though obviously they never mentioned that.


2 posted on 05/30/2018 3:21:43 PM PDT by Blurb2350
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To: bananaman22

At least no notes saying one has a gub.


3 posted on 05/30/2018 3:51:16 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: Blurb2350

Was it a different card number, or the same?


4 posted on 05/30/2018 4:10:05 PM PDT by proxy_user
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To: proxy_user

If I remember correctly it was a new number, new expiry and new 3-digit security code. Several years back I also fell for the constant Lifelock ads and signed up for a year. Almost immediately my credit card was charged 35,000 Thai baht at a Southeast Asian computer store! Until Lifelock, I’d never had any trouble at all with my credit card. I cancelled at the first opportunity and requested a new card from my bank (Chase). I know it’s fashionable to badmouth “banksters,” but I’ve had nothing but excellent service (and account security) from Chase.


5 posted on 05/30/2018 4:39:14 PM PDT by Blurb2350
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To: bananaman22

Perhaps someone didn’t like being stuck with the tab for a bunch of illegal alien Mexicans and decided to get paid?


6 posted on 05/30/2018 4:54:07 PM PDT by NativeSon ( Grease the floor with Crisco when I dance the Disco)
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To: bananaman22

The assertion by the author that banks, especially US banks, can keep cyber crimes on the “down low” is incorrect. Banks are REQUIRED to report cyber crimes.


7 posted on 05/30/2018 6:32:13 PM PDT by taxcontrol (Stupid should hurt)
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To: wally_bert

A gub? Yes, that’s definitely a “b.”


8 posted on 05/30/2018 6:39:04 PM PDT by Gigantor (Either the United States respects its Constitution, or there is no need for a United States.)
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To: Gigantor

It didn’t work in a Woody Allen movie either.


9 posted on 05/30/2018 6:43:01 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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