RE: Billions of Dollars and One Question: How Safe Is Our Money?

I think the fact that things usually work is almost a coincidence. I don't believe this will be the norm as we move forward in this supposedly 'brave new world'. I think a huge amount of scams and hacks go undetected until they are noticed.

I hear about organised cyber-criminals targeting massive bank accounts across the world for tiny amounts that go unnoticed for vast amounts of time. I hear about one particularly terrifying scam that leads people to find out, only at the point of selling or remortgaging, that they no longer own the deeds to their home.

When you mention personal security versus corporate safety protocols, I think it is basically the companies that will provide the gateway to us being scammed or hacked, regardless of how security-conscious we are (although we should still always do what we can!)

I am sure by now you have come across the story of fridges across France being hacked (the thermostats), ruining vast amounts of food; imagine that as a wartime guerrilla tactic. I think this is the sort of thing we will see more and more; it will be difficult to know if the perpetrators are state-sponsored bad actors, insurgents within or random acts.

I imagine AI has already played a large part in many of these things and will do so ever increasingly as time and technology move on.

If we lost access to bank accounts, even for a few days en masse, imagine how much of a knock-on effect this would have on the entire system... Despite this, I think the future will see attacks on the power grid, fuel supply lines and the food chain more than the financial institutions, once bad actors realise the effects could have far more impact.

It would not surprise me one bit if government-sanctioned black ops were behind an attack on crypto in general, though for obvious reasons...