Re:Equifax Releases Details on Cybersecurity Incident, Annou...
by stouset on Saturday September 16, 2017 @04:00AM
(#15263513)
Infosec guy here.
I don't believe those systems are necessarily any more secure than Equifax's. It may be that Equifax got breached first. But it's also partially because it's actually incredibly difficult to steal funds from traditional financial institutions. Not because of technical security measures. But because of procedure and regulations.
As an example, money illegitimately moved from bank A to bank B can (and in most cases must) be reversed. Even if done digitally.
I don't believe those systems are necessarily any more secure than Equifax's. It may be that Equifax got breached first. But it's also partially because it's actually incredibly difficult to steal funds from traditional financial institutions. Not because of technical security measures. But because of procedure and regulations.
As an example, money illegitimately moved from bank A to bank B can (and in most cases must) be reversed. Even if done digitally.