On May 12, 2017, a worldwide cyber-attack caused computer chaos in at least 150 nations and more than 200,000 computers; hitting banks, hospitals, and hundreds of major companies.
The so-called "WannaCry" ransom attack shut down ATMs in China, leaving citizens without access to their money. Credit cards failed to work at many gas stations. The Bank of China was a primary target. Thankfully, a 22-year-old British man found the hackers' "kill switch" and blunted the assault.
Computer hacker demands like this are just a small preview of more doomsday attacks to come. China alone today employs 125,000 soldiers to do full-time cyber warfare.
Today's cyber-threat is real, ominous and accelerating!
In February 2017, cyber hackers infected the computers of 140 banks in 40 countries with a program that let the criminals order bank ATMs to spit out untold millions into the paper bags of waiting accomplices.
Just last August, North Korean hackers put a bug into the computers of SWIFT (the Society for Worldwide Interbank Financial Telecommunications), an electronic clearinghouse for all global bank transfers, which issued false documents that tricked banks into giving their agents $81 Million, including $12 Million from Wells Fargo Bank.
Bottom Line: YOUR BANK, STOCK and RETIREMENT ACCOUNTS are NOT safe from a cyber-attack!
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