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2/21/2015

Topic Reading-Vol.1046-2/21/2015

Dear MEL School’s Topic Readers,
Cybercrime robbers steal up to $1bn from global banks
Compare a burglary and bank robbery. Which is more risky but rewarding? The answer is so simple. However, when it comes to online hacking, the risk of attacking financial institutions doesn’t seem any higher than phishing individuals’ PCs, even though the firewalls of such institutional systems are much taller and well-protected than the ones of individuals.
There aren’t any walls that could perfectly and permanently protect any system from attackers because they are designed and programmed by humans. And there are other humans that spend their most efforts to break through the walls and manipulate the system trying to steal big money.
The higher the incentives are, the more motivated the intelligent hackers will be.
Enjoy reading and learning what’s going on in the cyber space.
http://www.aljazeera.com/news/2015/02/cybercrime-robbers-steal-1bn-banks-150216144140442.html

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