The Art of Cyberwarfare

2 State-Sponsored Financial Attacks

As long as banks have existed, people have been trying to rob them. But until recently, criminals had to physically enter the bank, usually masked and armed, and use the threat of violence to demand money. Today, that is no longer the case. Over the past 10 years, the world has seen many high-dollar bank compromises in which the robber never stepped foot on the premises.

Computing technology and the internet have allowed banking to move from a brick-and-mortar access model, one that required customers to come to the bank to access their funds, to a system made of bits and bytes. In present times, we can ...