Banks and stock exchanges are even bigger targets for ransomware attacks
Hackers are holding one of America's most important pipelines hostage, a stunning development that should serve as a warning to even bigger targets: the nation's financial industry.
The nightmare scenario is that a Colonial Pipeline-style ransomware attack disrupts major banks or even financial markets, dealing a blow to the flow of money and confidence in the system. Instead of lines at gas stations, social media would be ablaze with images of broken ATMs or inaccessible brokerage accounts.
These are not theoretical risks. Banks and stock exchanges overseas have been hit by damaging cyberattacks in recent years.
The good news is that banks and exchanges, more so than pipelines and other aging physical infrastructure, have some of the most robust cyber defenses in the private sector, security experts told CNN Business.
https://www.msn.com/en-us/news/politics/banks-and-stock-exchanges-are-even-bigger-targets-for-ransomware-attacks/ar-BB1gETSU
Maybe when a Repuke gets his or her investment account pilfered they'll start to give a shit about cyber security.
