Slashdot Mirror
UK Banks Told To Reveal Tech Meltdown Plans (bbc.com)
UK banks have been told to explain how they would cope with a technology failure or cyber-attack. From a report: The Bank of England and the Financial Conduct Authority have given financial firms three months to detail how they would respond if their systems failed. Some TSB customers were left unable to access online banking for more than a month following a botched systems upgrade in April. Banks could be ordered to take action if their plans are judged to be poor. The Bank of England and FCA have emphasised that senior management at banks will be held accountable for prolonged disruption to services.
Yeah, tell how they would do it, then anyone that would try to "melt down" the tech sector or a cyber attack would know how they could scoop in and clean up. Real smart.
"The Bank of England and FCA have emphasised that senior management at banks will be held accountable for prolonged disruption to services." - what exactly happened to senior management at TSB? Absolutely nothing!
The CEO was talking out of his backside about fixing the problem (I loved how he said IBM would fix the problem in 3 days or something). It dragged on for so long it was pathetic.
And put the private keys in the DNA of genetically modified tulips.
After reading up on several large failures over the past years it seems like most UK banks cyber-DR plans seem to be lifted straight from the military: "When in danger, when in doubt, run in circles, scream and shout"
Security by Obscurity is just another name for no security. Forcing the banks to be transparent about their processes at least makes it possible that problems can be found before they're exploited.
Support Right To Repair Legislation.
1. Tech meltdown
2. ???
3. Profit!
Change in operational cost? <----------,
NO: alter the product for no reason ---'
YES: cost went down ---> pocket the difference
YES: cost went up ---> pass the expense onto customers
but in the US I'd much rather hear about their plans to deal with the next economic downturn. Our right wing just repealed one of the major regulations here (Dodd Frank) that was passed to prevent another 2008 style crash. I've noticed that whenever we do something boneheaded Britain's right wing seems to take notes...
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
Trying to convince my girlfriend to watch and take pictures while I get fucked by a well-hung bull. She freaked out when I suggested it. I never took her for a homophobe.
0. Create a pre banking sorting tent outside. Got an account at the bank? Got a savings account at that branch that supports teller services? The bank is open for you.
1. Open at 10 am for people to use the teller services.
2. Be nice to people who have an existing account at that bank. No opening any new account during a cyber event
3. Get some photo ID and account details from a person who has the correct bank account with that bank branch.
4. Find paper records on file about the person and their account.
5. Support the account holder with their banking needs that day as they can show they have the correct account type that offers bank teller services.
Banks are going to need secure paper work every day on every account that was ever opened at that location.
An online all digital bank accounts, apps would not need to work as such services never supported that type of bank service. That would reduce the amount of service needed for all other bank accounts. Types of savings accounts only get support.
No support for international bank accounts as they are not what that bank branch created.
The only service a bank has to support is the accounts opened in that branch and of an account type that a bank teller has always supported.
The display of piggy banks and colourful banking related images is relaxing while account holders wait in line.
Lots of police to keep away the non bank customers and non supported account holders well away from people using their bank accounts.
A gov can set a max cash limit to each account per day while it is cybering. That would set a rate and amount of cash needed to be transported each day to support a set of savings accounts per bank branch.
Domestic spying is now "Benign Information Gathering"
See subject: APK Hosts File Engine 2.0++ 64-bit for Linux h t t p : / / a p k . i t - m a t e . c o . u k / A P K H o s t s F i l e E n g i n e F o r L i n u x . z i p (remove spaces between characters & download).
Yields more security/speed/reliability/anonymity vs. any SINGLE solution (99% of threats = hostnames vs. IP address that most firewalls use) more efficiently/FASTER + NATIVELY 4 less!
(Vs. "Bolt on 'MoAr' illogic-logic" competitors slowing you, hosts speed you up 2 ways (adblocks + hardcodes u spend most time @) vs. competition loaded w/ bugs (DNS/AntiVir) + their overheads (messagepass ('souled-out' to advertiser addons) + filtering drivers) & their complexity leads to exploitation).
* ONLY 1 of its kind in GUI on Linux/BSD!
(Much better vs. Windows model in speed & efficiency + new "merge" feature)
APK
P.S.=> I use Firefox on Linux & it works like a DREAM w/ hosts. Too bad you rotten bastard JEALOUS JOWIES keep abusing downmodpoints to censor me... apk
How stupid are you?
..and greed has poisoned everything.
Every week, right here on Slashdot, we read of at least one data breach. Banks and electronic payment systems are no longer immune to it, in fact they're at least as vulnerable, if not more so, than anything else. Most of you wander around all day long, eyes glued to the Mobile Surveillance, Tracking, and Data Logging Device you call your 'smartphone'. ISPs log your DNS requests, break into your HTTPS traffic, logging and analyzing your web browsing habits, ostensibly to 'insert targeted advertising', but all that Personally Identifiable Data still remains. The NSA/CIA/DHS/{insert gov agency here} pays companies like AT&T for direct access to Internet backbone traffic for the specific purpose of surveilling everything that happens on the Internet, everywhere. So-called 'social media' like Facebook exist solely as honeypots to not just collect people's Personally Identifiable Data, but to encourage them to volunteer it, and they pioneer new methods to extract data from people, whether they're willing or not. Most every country on the planet that can afford one has a cyber-warfare division of their military, and they're actively and continually working to break into corporate, government, and vital infrastructure systems.
We are living in a house of cards. All it will take is One Stiff Breeze to blow it all down, perhaps taking our entire civilization down with it.
What are you all going to do then?
People rely more and more on 'automation' and mechanized 'conveniences' instead of learning skills themselves.
When all the machines stop working, what will you all do then? Sit around and wait for the Repairman that will never come?
There is no species that is the natural predator of Humans; we are our own predators, though.
It only follows that the 'extinction-level event' that gets us will be caused by Humans.
What will you all do then?
The point of all this verbage is this: We need to change the way we do things, and we need to do it starting NOW.
Do I have all the answers? Hell, no I don't! I don't even have some of the answers! But I can see that we're at a critical point where something is going to break in a big, bad way, but there may still be time to head it off.
So, what are YOU going to do NOW?
Our platform is the best site for online jobs visit please: https://myjobsoptions.com/
Enact treaties with other micronations recognizing their sovereignity. Use mutual recognition to demand recognition from larger entities. Rinse and repeat until the micronations political power erodes the superpowers.
Until we are willing to do that, and forcing consolidation to its knees, we are at the mercy of small cabals of people in much better positions to leverage their technological, military, economic, and political powers against us.
Doing anything less at this point in history is doomed to failure.
As someone who works in IT in the financial sector (in America) for the last 10 years, I have a few thoughts...
I'm sure things work the same over seas as they do here. So, unless your among the largest banks (top 10), they all outsource their internet banking to their core vendor. The banks host the data (customer account info) but the vendor does everything else. If the bank looses connection, the vendor uses stand in (last known) data and internet banking continues. According to this, the outage was due to a "a botched systems upgrade". If it had been the bank's system, they wouldn't have been able to do any banking at all until it was fixed, but the article specifies internet banking. So what do you do when your core vendor implodes? It's no easy task to move a bank and all its branches to a new software core. You're also locked into a very costly contract as these vendors charge by your total assets, not some established amount like O365. Lastly, as we are seeing here, banks are heavily regulated and inspected, but the vendors usually aren't. (A problem I've worried about for a long time)
Hopefully the governing bodies over there will turn their attention to the proper entities, the vendors, but I do worry about smaller banks. This outsourcing is done for several reason. For smaller banks, it is just too cost prohibitive to stand up the infrastructure your core vendor possesses and is ready to provide. For large banks, nothing makes a CEO happier then offloading risk. (hence, why the "cloud" is so popular.) But more regulation, and especially the associated costs, could put smaller (community) banks out of business. Even in this situation, the high costs of new contracts and implementation could be the end for smaller banks who are usually willing to work with individuals and families.
Anyway, before I ramble too much, I'll end by saying that this is how someone in this field reads this...
See subject: "Imitation=sincerest form of flattery" PROVING u WISH u were ME & poor imitation = u.
* I don't post on hosts in topics that don't fit it (unless you of "moron kind" bring it up 1st)
(Hence, you give yourself away you're impersonating me!)
APK
P.S.=> What are you trying (& failing) to accomplish? Trying to "make me look bad"?? I have to ask as it's EXTREMELY DIFFICULT for me to "think like 'your kind'" (no-mind do-NOTHING "ne'er-do-wells" that can't think, lol) to even TRY to understand your "mental processes" (none obviously that are up to any good)... apk
WTF is this even?
Have you never heard of eye glasses?
North Korea didn't exist back in ancient Rome's days...it was just Korea.