HACKING THE BANKS… MESSAGES, PATTERNS, AND POSSIBILITIES…
Yesterday I blogged about the continuing phenomenon of suicided bankers, and the increasingly bizarre ways they appear to be meeting their unfortunate deaths, the most recent case in point being the possible "murder by hypothermia on the bitter side of a mountain" of Ms. Kate Matrosova, a Russian born "credit trader" for BNP Paribas. I have also speculated that their deaths seem to indicate a tenuous pattern of connections to computer-generated trades, a connection to the derivatives markets, and to mortgage fraud in the case of Mr. Richard Talley (who committed "suicide", we're told, by using a nailgun to drive no less than eight nails into his brain... yea... right. I believe that, don't you? I believe in Santa Claus and the Warren Report too). I also suggested, yesterday, that perhaps the problem is that these bankers have stumbled across some evidence of some "outside" activity or entity that has penetrated the system and using it for its own purposes.
In that vein, Mr. S.D. and Ms. M.W. both shared this story, one from the U.K. perspective, and one from the U.S.A. perspective, and both equally illuminating, if not a bit unsettling:
There's an interesting pattern here that both articles have noted. Firstly, the attacks were directed at the banks themselves rather than any of their individual depositors. Secondly, the attacks appear - or at least, this is what we're told - to have originated from Russia, from private interests apparently intent only on enriching themselves. Thirdly, a Russian firm itself, Kaspersky, a well-known and respected private computer security firm, detected the event.
There is, however, an important point to notice in the "USA" perspective article:
"Most of the targets have been in Russia, the U.S., Germany, China and Ukraine, although the attackers may be expanding throughout Asia, the Middle East, Africa and Europe, Kaspersky says. In one case, a bank lost $7.3 million through ATM fraud. In another case, a financial institution lost $10 million by the attackers exploiting its online banking platform."
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