Pretty much every major bank, brokerage and asset manager has been a victim or target of cyber attackers.
So what is the chance one day, electronic records get manipulated with no easy way to recover - for ex, a customer bank account goes from $20k to $2k or brokerage balance from $100k to $40k with no easy way to prove the original state? 1 in a million? 1 in a 100mil?
How do you protect against it? Don't keep savings in electronic bank accounts and instead 1) stash a bunch of large diamonds in your bank safe box? 2) buy an Irvine home free and clear, 3) buy some other non-electronic physical asset - art, antiques, etc?
Just thinking in an extreme cyber warfare scenario...
So what is the chance one day, electronic records get manipulated with no easy way to recover - for ex, a customer bank account goes from $20k to $2k or brokerage balance from $100k to $40k with no easy way to prove the original state? 1 in a million? 1 in a 100mil?
How do you protect against it? Don't keep savings in electronic bank accounts and instead 1) stash a bunch of large diamonds in your bank safe box? 2) buy an Irvine home free and clear, 3) buy some other non-electronic physical asset - art, antiques, etc?
Just thinking in an extreme cyber warfare scenario...