Russians hack JP Morgan Chase banks, steal gigabytes of databases - page 2.

iluvpie60

hero member

Activity: 700

Merit: 500

Quote from: Jamie_Boulder on August 28, 2014, 07:42:22 AM

Your post comes off as very biased, it can be argued that banks are getting hacked because of technology, BTC is a technology therefore implying the same can happen but more effectively as we wouldn't only be losing information....

I legitimately have no idea what you are saying. Sorry, I can't understand it. Is English your primary language?

I am not sure why you are saying my post is biased, of course it is, it is advocating bitcoin, so I am biased towards bitcoin, why are you pointing out something obvious?

Obviously banks are getting hacked because of technology... If they had no technology they couldn't be hacked, only physically robbed or check fraud...

Datcracktho

newbie

Activity: 42

Merit: 0

Aww shit, should have used Bitcoin Mr Morgan.

iluvpie60

hero member

Activity: 700

Merit: 500

Quote from: finlof on August 28, 2014, 07:52:01 AM

Quote from: iluvpie60 on August 28, 2014, 07:35:42 AM

Good morning!

http://www.bloomberg.com/news/2014-08-27/fbi-said-to-be-probing-whether-russia-tied-to-jpmorgan-hacking.html

"Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. (JPM) and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe.

The attack resulted in the loss of gigabytes of sensitive data, said the people, who asked not to be identified because the probe is still preliminary. Authorities are investigating whether recent infiltrations of major European banks using a similar vulnerability are also linked to the attack, one of the people said. "

According to this report, Russians have been attacking and hacking American banks. We all know every country has hackers that work for the government, thanks to Snowden we know, and that they do target banks and businesses in other countries.

As more and more companies are hacked using exploits and security loopholes in security software, it just makes me see more and more that Bitcoin is going to be needed at some level(or some other type of encrypted type of currency). If Bitcoin still isn't used as an everyday type of currency where people spend it on everyday purchases, then maybe, just maybe it can be used on securing wealth storage on a large scale safely. Obviously exchanges get hacked and so do banks. But what if the US government stored 10% of all US wealth in Bitcoin or something else? Something that is secure and at this point almost impossible to hack cold storage type of thing. I say almost impossible because there is always a chance, even though it might be a 0.00000000000000000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000000001% chance of getting the exact details for a random cold wallet.

How should governments take advantage of the benefits of Bitcoin?

how do you propose the US storing 10% of all US wealth in Bitcoin? do you even know how many bitcoin that would require at current value?

The sheer buying power that a government can throw behind buying up Bitcoins or altcoins to store some wealth would 1.) Legitimize Bitcoin to the highest level it has ever been at and 2.) Drive the price up due intense buying pressure(if done all at once) and 3.) The pure fact that an announcement would be made in advance because a bill would most likely need to be signed for authorization to buy BTC would also give major credence to it.

You are a hero member and I am a senior member and should know I am obviously not advocating current value.

finlof

hero member

Activity: 630

Merit: 500

Quote from: iluvpie60 on August 28, 2014, 07:35:42 AM

Good morning!

http://www.bloomberg.com/news/2014-08-27/fbi-said-to-be-probing-whether-russia-tied-to-jpmorgan-hacking.html

"Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. (JPM) and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe.

The attack resulted in the loss of gigabytes of sensitive data, said the people, who asked not to be identified because the probe is still preliminary. Authorities are investigating whether recent infiltrations of major European banks using a similar vulnerability are also linked to the attack, one of the people said. "

According to this report, Russians have been attacking and hacking American banks. We all know every country has hackers that work for the government, thanks to Snowden we know, and that they do target banks and businesses in other countries.

As more and more companies are hacked using exploits and security loopholes in security software, it just makes me see more and more that Bitcoin is going to be needed at some level(or some other type of encrypted type of currency). If Bitcoin still isn't used as an everyday type of currency where people spend it on everyday purchases, then maybe, just maybe it can be used on securing wealth storage on a large scale safely. Obviously exchanges get hacked and so do banks. But what if the US government stored 10% of all US wealth in Bitcoin or something else? Something that is secure and at this point almost impossible to hack cold storage type of thing. I say almost impossible because there is always a chance, even though it might be a 0.00000000000000000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000000001% chance of getting the exact details for a random cold wallet.

How should governments take advantage of the benefits of Bitcoin?

how do you propose the US storing 10% of all US wealth in Bitcoin? do you even know how many bitcoin that would require at current value?

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

Quote from: Jamie_Boulder on August 28, 2014, 07:42:22 AM

Your post comes off as very biased, it can be argued that banks are getting hacked because of technology, BTC is a technology therefore implying the same can happen but more effectively as we wouldn't only be losing information....

Yes, and I bet you there are have been far more bitcoin-related hacks where bitcoins were lost, than hacks at banks.

Jamie_Boulder

sr. member

Activity: 378

Merit: 250

Your post comes off as very biased, it can be argued that banks are getting hacked because of technology, BTC is a technology therefore implying the same can happen but more effectively as we wouldn't only be losing information....

iluvpie60

hero member

Activity: 700

Merit: 500

Fixed the title sorry for that!

reserved for future post if needed.

iluvpie60

hero member

Activity: 700

Merit: 500

Good morning!

http://www.bloomberg.com/news/2014-08-27/fbi-said-to-be-probing-whether-russia-tied-to-jpmorgan-hacking.html

"Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. (JPM) and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe.

The attack resulted in the loss of gigabytes of sensitive data, said the people, who asked not to be identified because the probe is still preliminary. Authorities are investigating whether recent infiltrations of major European banks using a similar vulnerability are also linked to the attack, one of the people said. "

According to this report, Russians have been attacking and hacking American banks. We all know every country has hackers that work for the government, thanks to Snowden we know, and that they do target banks and businesses in other countries.

As more and more companies are hacked using exploits and security loopholes in security software, it just makes me see more and more that Bitcoin is going to be needed at some level(or some other type of encrypted type of currency). If Bitcoin still isn't used as an everyday type of currency where people spend it on everyday purchases, then maybe, just maybe it can be used on securing wealth storage on a large scale safely. Obviously exchanges get hacked and so do banks. But what if the US government stored 10% of all US wealth in Bitcoin or something else? Something that is secure and at this point almost impossible to hack cold storage type of thing. I say almost impossible because there is always a chance, even though it might be a 0.00000000000000000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000000001% chance of getting the exact details for a random cold wallet.

How should governments take advantage of the benefits of Bitcoin?

Topic: Russians hack JP Morgan Chase banks, steal gigabytes of databases - page 2. (Read 6578 times)