iBoss blog: How Cyber-geddon Could Happen to Financial Networks
An article in the June Economist paints a dark picture of the aftermath of a fictional financial services hack. They start with some history and extrapolate based on current potential compromises to various networks. What is interesting about this piece is how cold and calculating they can be: “Processes designed to make banking safer have created new vulnerabilities: large amounts of money flow through certain key bits of infrastructure.”
What this means for the finserve industry and a more detailed description of their scenario can be found in my blog post for iBoss here.