> one of the major problems here is that small banks are often not staffed for adequate cybersecurity for global operations like these; they do just fine doing

> one of the major problems here is that small banks are often not staffed for adequate cybersecurity for global operations like these; they do just fine doing hometown community banking, but are very vulnerable to being cracked like this. Yet another reason small banks that are providing big-bank services should be regulated like big banks. Exactly — people are responding to me with comments about how SVB failed, or how the Goldman partnership isn't going well, but like... looking at Evolve's website I know for a fact they aren't hiring solid SWEs for cybersecurity. I understand nobody's perfect, but this is the "Nobody got fired for buying IBM" ideology at work. If you chose Goldman and they got hacked, sure, I'll say "well you couldn't have known" — but if you choose a random bank based in Memphis I've never heard of, I'll naturally be more like "wtf."