Now Think Of What A Large And Coordinated Cyber Attack Can Do To Our Financial Institutions

From Threat Level:

Flashback, early 2008: Citibank officials are witnessing a huge spike in fraudulent withdrawals from New York area ATMs — $180,000 is stolen from cash machines on the Upper East Side in just three days. After a stakeout, police arrest one man walking out of a bank with thousands of dollars in cash and 12 reprogrammed cards. A lucky traffic stop catches two more plunderers who’d driven in from Michigan. Another pair are arrested after trying to mug an undercover FBI agent on the street for a magstripe encoder. In the end, there are 10 arrests and at least $2 million dollars stolen.

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My Comment: This crime spree was done by a small group of individuals .... just think what a large, disciplined, and coordinated group can do.

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