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The amount of private data about individuals that JP Morgan has makes it a very attractive target to attackers despite any difficulty (perceived or real) it tak
by apayan 12y ago
The amount of private data about individuals that JP Morgan has makes it a very attractive target to attackers despite any difficulty (perceived or real) it takes to get the data.
Extending that logic, it means the NSA is an even more worthwhile target for attackers, because they have far more private financial data about individuals in the USA and people abroad. But you can bet that when (not if) a breach of the NSA happens, it will never be reported to the public.
The only solution here is to do away with these centralized stores of all our private and financial information, so the incentive for these attacks no longer exist. There's no amount of technological hardening that will prevent a determined attacker (state sponsored or otherwise) to give up, when the reward for a successful attack is so high. Until then, reports of massive data breaches are going to be more and more common.
- mertd 12y agoWhat kind of decentralized storage are you proposing? How should a bank keep track of costumer accounts?
- anthony_d 12y agoI think he was suggesting everyone stores the minimum of what they need to function. No more, no less.
- valdiorn 12y agoThe minimum of what a bank needs to operate includes your phone and contact details, social security number, your financial account number, your credit card number and your credit rating, for sure? Because, you know... they provide many of those number to you!
- tinalumfoil 12y ago> But you can bet that when (not if) a breach of the NSA happens, it will never be reported to the public. A security breach of the NSA has happened (obviously referring to Edward Snowden). It wasn't just user data either, but thousands confidential documents about nearly everything the NSA was doing. Given the simplicity of his attack, and the fact he would of gone by undetected had he not disclosed those documents to media sources, it seems probable that important data has been stolen from the NSA in the past.