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OT: Banc of America Article
- From: Al Rowland
- Date: Wed Jan 29 13:33:26 2003
I believe specific account data is not kept on the local machine. I may
be wrong, not to mention the data strip on the card...
Nothing new. Look at what happened to the Chicago Board of Trade a few
years back. I wonder how WCOM reported the out-of-court settlement for
that one their books. ;0
The original NSI SI,
National-Security-Internet-(Survivable-Infrastructure), model was
replaced years ago by the BBC, Best-Business-Case model, puns intended.
> -----Original Message-----
> From: email@example.com [mailto:firstname.lastname@example.org]
> Sent: Wednesday, January 29, 2003 9:47 AM
> To: Al Rowland
> Cc: email@example.com
> Subject: RE: Banc of America Article
> > IIRC, the ATM system is similar to CC transactions. A best
> effort is
> > made to authorize against your account (Credit Card or
> Banking) but if
> > it fails and the transaction is within a normal range (your
> daily card
> > limit) the CC/ATM completes the transaction.
> Too bad it is not the case, but lets presume that it
> is. How does it explain branches not being able to process
> direct withdrawals either?
> The incident on hand illustrates that the design of our
> financial networks is broken. If a non sophisticated worm
> managed to create so many problems, what is going to happen
> should a real attack be mounted against the networks used by
> financial services?