Hacker attack Russian Rubel

Skybird · 02-19-16, 11:11 AM

http://www.bloomberg.com/news/articl...-group-ib-says

Quote:

Hackers used malware to penetrate the defenses of a Russian regional bank and move the ruble-dollar rate more than 15 percent in minutes,

I am strictly against the freedom-killing insanity of forbidding cash payments and cash money. My main fear, is the total helplessness and vulnerability of citizens against future plundering operations and negative interest rates run by the state. My other big fear is big scale crime operations like this one described in the article.

Don't say "Ah, the Russians!". If you think this is not possible with the sophisticated Western states and banks, I laugh you in your face.

I am also just waiting for hacker terror attacks against hospitals, traffic, powergrids. The question is not "if", but "when". Such attacks also can be used to blackmail states for ransom or obedience, can be motivated by money-related crime, not necessarily always ideologically driven terror.

Jimbuna · 02-20-16, 08:56 AM

I'm not overly concerned for the financial institutions but definitely more so for hospital and power grids etc.

MaDef · 02-20-16, 09:25 AM

Hospital hit with ransomware already happening. this hospital caved after a week.

mako88sb · 02-21-16, 01:18 AM

Quote:

Originally Posted by MaDef

Hospital hit with ransomware already happening. this hospital caved after a week.

There was an episode on the CSI:Cyber show about something similar. I didn't see the whole thing so can't compare but it's pretty worrisome to say the least.

Skybird · 02-20-16, 10:25 AM

Quote:

Originally Posted by Jimbuna

I'm not overly concerned for the financial institutions

What you call "money", has no intrinsic value and is just unfunded borrower'S note. So is electronic checkbook "money" (=German: Giralgeld). When you want to pull some notes from the automat, and cannot, or the bank deposits of the banks have been dramatically reduced in a coup over night, or increased, and the imagined value of the remaining money gets additionally distorted by the shockwaves from these attacks - then you will care all of a sudden, promised.

Becasue you will all of a sudden be unable to buy even a single loaf of bread if you do not have any cash money left at home anymore.

People think they live in a safe world with electronic money. The thinbking error could not be any greater. They aren't more safe, but desperately less. The damages from electronic and computer bank crime are outclassing that from cash robbery already. And the biggest plunderer is the state anyway.

Locky is haunting Germany currently. The famous Fraunhofer institute has dozens of systems being locked down. The criminals behind the attacks demand ransom to be paid in bitcoins.

02-20-16, 10:54 AM

Nothing has 'intrinsic value'. 'Value' is a social construct.

Skybird · 02-20-16, 12:56 PM

Offer somebody two pieces of toilet paper and two diamonds, and let them choose. You will see immediately which of the two have more and which have almost no intrinsic value.

Your argument is as useless as as the often "gold cannot be eaten" thing. Of course gold cannot be eaten, to own it even can be declared a crime - and often has been so, and alwys by unscrupolous polticians. Still, which of the two things - a gold nugget or a note of a currency which yesterday was declared as unvalid by those who printed it, like a ripped theatre ticket - which one will get your farther when you need to barter to survive?

Things are worth what people are willing to give you for them. Notes only are worth something as long as the state does not declare them illegal or unvalid, and you still can find some fool willing to give you something of real intrinsic value for that paper snippet of yours - which is just an unfunded note of debt these days. One cannot magically create real value out of nothing like an alchemist.

For that hundred billion Mark-note from one hundred years ago, I get nothing today, not even from a museum. For that gold coin from the same era however I today at least would get the equivalent of the coin's gold, and maybe even a bonus for the sentimental value the coin has for a collector. A gold trader however only gives me the price of the gold.

Like gold can be prohibited to own by the unscrupulous scum in the politcial parties and governments, mafia gangs and conspirators that they all are, paper currencies can be devalued, and declared invalid. There is no difference. Just that the owner of gold can go to the blackmarket, or try to bring his gold beyond the border and out of reach of the robbing dictatorship. With an invalid currency, you are ruined even when being a millionaire. Intrinsic value, you see. The one has much of it, the other almost none. When the prohibition ends maybe 40 years later, your gold still will have intrinsic value, depending on the time and circumstances then.

My grandfather's father saved the better ammount of his moderate wealth that way: silver and gold. Not banknotes. Banknotes were moved around on pushcarts back then when buying bread at the baker - that huge was there intrinsic value. Worker who got their wages spent it within two hours. Becasue two hours later they would have gotten for it just half or even a third only of ehat theys owuld have gotten for it two hours earlier. The things they got, had intrinsic value. The banknotes that they moved around on hand trucks, had none.

What do I uselessly talk here. Modern people do not understand it. They think they just need to press the right button, and the problem of the world would be solved. That's what the gangster in the banks and finance ministries also think. Thats why they want to get rid of cash money, and have electronic money only that they can magically increase or steal from tohers by pressing a button. Why spending less when you have debts when instead you can steal and plunder from private savers?

That "experts" and "economists" can talk in public about negative interests, de factor demanding thte plundeing of private people and devaluiong private people'S legitimate possesson, even call this to become official state reason, that these criminals gansgter can call for these crimes without police leading them away and before a judge to have them charged, is a scandal and shows how deeply rotten, how absent claimed "morals" and sense of justice today really is.

But the most depressing detail is that people let these gangster get away with it, even applaude them, even elect them - instead of chasing them out of town or hanging these plunderers into the trees. If the victim of a crime refuses to accuse the perpetrator, even applauds him - then all is lost, and all effort is in vain.

Oberon · 02-20-16, 01:12 PM

But gold will get you further than something like alcohol or cigarettes in a SHTF™ scenario, so they say.

02-20-16, 08:56 AM	#2
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,788 Downloads: 63 Uploads: 13	I'm not overly concerned for the financial institutions but definitely more so for hospital and power grids etc. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

02-20-16, 12:56 PM	#7
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,697 Downloads: 10 Uploads: 0	Offer somebody two pieces of toilet paper and two diamonds, and let them choose. You will see immediately which of the two have more and which have almost no intrinsic value. Your argument is as useless as as the often "gold cannot be eaten" thing. Of course gold cannot be eaten, to own it even can be declared a crime - and often has been so, and alwys by unscrupolous polticians. Still, which of the two things - a gold nugget or a note of a currency which yesterday was declared as unvalid by those who printed it, like a ripped theatre ticket - which one will get your farther when you need to barter to survive? Things are worth what people are willing to give you for them. Notes only are worth something as long as the state does not declare them illegal or unvalid, and you still can find some fool willing to give you something of real intrinsic value for that paper snippet of yours - which is just an unfunded note of debt these days. One cannot magically create real value out of nothing like an alchemist. For that hundred billion Mark-note from one hundred years ago, I get nothing today, not even from a museum. For that gold coin from the same era however I today at least would get the equivalent of the coin's gold, and maybe even a bonus for the sentimental value the coin has for a collector. A gold trader however only gives me the price of the gold. Like gold can be prohibited to own by the unscrupulous scum in the politcial parties and governments, mafia gangs and conspirators that they all are, paper currencies can be devalued, and declared invalid. There is no difference. Just that the owner of gold can go to the blackmarket, or try to bring his gold beyond the border and out of reach of the robbing dictatorship. With an invalid currency, you are ruined even when being a millionaire. Intrinsic value, you see. The one has much of it, the other almost none. When the prohibition ends maybe 40 years later, your gold still will have intrinsic value, depending on the time and circumstances then. My grandfather's father saved the better ammount of his moderate wealth that way: silver and gold. Not banknotes. Banknotes were moved around on pushcarts back then when buying bread at the baker - that huge was there intrinsic value. Worker who got their wages spent it within two hours. Becasue two hours later they would have gotten for it just half or even a third only of ehat theys owuld have gotten for it two hours earlier. The things they got, had intrinsic value. The banknotes that they moved around on hand trucks, had none. What do I uselessly talk here. Modern people do not understand it. They think they just need to press the right button, and the problem of the world would be solved. That's what the gangster in the banks and finance ministries also think. Thats why they want to get rid of cash money, and have electronic money only that they can magically increase or steal from tohers by pressing a button. Why spending less when you have debts when instead you can steal and plunder from private savers? That "experts" and "economists" can talk in public about negative interests, de factor demanding thte plundeing of private people and devaluiong private people'S legitimate possesson, even call this to become official state reason, that these criminals gansgter can call for these crimes without police leading them away and before a judge to have them charged, is a scandal and shows how deeply rotten, how absent claimed "morals" and sense of justice today really is. But the most depressing detail is that people let these gangster get away with it, even applaude them, even elect them - instead of chasing them out of town or hanging these plunderers into the trees. If the victim of a crime refuses to accuse the perpetrator, even applauds him - then all is lost, and all effort is in vain. __________________ If you feel nuts, consult an expert.

02-20-16, 09:25 AM	#3
MaDef Ace of the Deep Join Date: Oct 2007 Posts: 1,194 Downloads: 5 Uploads: 0	Hospital hit with ransomware already happening. this hospital caved after a week.

02-20-16, 10:54 AM	#6
AndyJWest Stowaway Posts: n/a Downloads: Uploads:	Nothing has 'intrinsic value'. 'Value' is a social construct.

02-20-16, 01:12 PM	#8
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	But gold will get you further than something like alcohol or cigarettes in a SHTF™ scenario, so they say.