I just received my copy of Institutional Investor magazine today in the mail and there is an IMF special report on how a massive cyber-attack on our financial system is coming. What's interesting is the financial sector as shown in the chart below has been sniffing out risk in its sector since August 2017.
My thoughts are how this maybe similar to how the scumbag insiders of Equifax sniffed out their massive breach and sold their stock before the news became public. Maybe the breach of $EFX is just the tip of the ice-berg on how this is all going to go down (the back door if you will). There is a whole lot of very disturbing evidence in this article that this maybe true and coming from North Korea and China. (Maybe the whole nuclear threat from NOKO is a "look over there" move)
"There are many different forms of an attack, but you've got to think about how a banking institution has been positioned on the internet. They have to interface with customers right?" says Jason Truppi former FBI cyber-special agent.
It's also noted in the article that a global financial institution "war game" (operation Resilient Shield) was not about preventing a cyber-attack, but to rehearse what actions should be taken WHEN a cyber attack occurs on critical banking infrastructure. (So in other words they admit they can't do S#%T about it until it's done.)
According to former FBI cyber agents, a consequence of a cyberattack on a country's economy would send a ripple through all industries (i.e. utilities, energy grids, banking, transportation
You may want to withdraw a week or two worth of cash, just in case. (South Korea (a more advanced electronic civilization than the USA) was attacked by NOKO and people couldn't get to their money from banks for 2 weeks )). Oh and be careful of #FakeNews. More on this later....
Financial Index sniffing out "Risk" ?
2008-2017 financial sector chart. We topped in August of 2017.