iluvpie60 (OP)
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October 03, 2014, 12:35:57 PM |
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Bang bang! Another huge hackzorz.http://www.bloomberg.com/news/2014-10-02/jpmorgan-says-data-breach-affected-76-million-households.htmlLet us also remember that Ebay and Target and Home Depot were hacked this year too. From article:"The number of households affected by the attack on JPMorgan compares with the 145 million personal records taken earlier this year in a breach of EBay Inc. and last year’s attack on retailer Target Corp., which affected 110 million. " From all of these hacking stories including the supposed ICloud hack as well, it seems to me hackers and their methods are out pacing the technology that most companies rely on to protect themselves. It will take years before larger companies adopt something safer. What role can crypto/encryption play in this? Obviously their databases are encrypted but at a lower level so it probably doesn't take long to decipher stuffz. If the biggest banks can be hacked and have all this information stolen, then no one should be using exchanges honestly... I mean really, is it harder to hack a BTC exchange or the biggest banks? My bet is the biggest banks considering their huge staff and hundred million dollar + budget. Or is there some way encryption can be done better at a lower level of cost to make it even harder for anyone to touch BTC exchanges and other crypto? Without exchanges and Bitpay no one would really accept BTC for small businesses unlses they were believers. TL:DR we are all fussing fussed! Hide ya kids, hide ya wife, hide ya money.
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JohnnyBTC
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October 03, 2014, 12:47:32 PM Last edit: October 18, 2014, 12:27:45 AM by JohnnyBTC |
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only names and addresses i think were available to the hackers. SSN, bank account info wasn't.. i dont remember where i read that though
LOL WTF!! hehe
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Elwar
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Viva Ut Vivas
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October 03, 2014, 12:57:26 PM |
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Bitcoin user not affected ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FR3CaKks.png%26t%3D544%26c%3DCtDGeS8MXS91Rg&t=665&c=XC2jp2dlhgR6hQ)
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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Feneusens
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October 03, 2014, 01:11:35 PM |
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But bitcoin user got key logged... not all but some..
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yrask
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October 03, 2014, 01:29:11 PM |
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But bitcoin user got key logged... not all but some..
Yes, bitcoin user got key logged, this is the best risk for a bitcoin user, keylogger.. Anyway, If I'm careful I can avoid this risk with simple devices ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Bank system is so bad..
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RodeoX
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The revolution will be monetized!
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October 03, 2014, 01:47:53 PM |
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What's a "JP Morgan"? Is that some kind of alt-coin with a play on words referencing the Morgan dollar?
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iluvpie60 (OP)
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October 03, 2014, 02:36:09 PM |
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What's a "JP Morgan"? Is that some kind of alt-coin with a play on words referencing the Morgan dollar?
Possibly!!!!!! te hee It would be nice for some to big to fail banks to fail so they can be re structured in the very least. Unfortunately it is never pre emptive in countries and we all react to bs. It will be a reaction for people to come over to BTC if something huge happens. Hopefully they stay.
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RealKruncha
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October 03, 2014, 02:46:00 PM |
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That's true, it happened before when the Cyprus banks did the dodgey - imagine the effects if a massive bank did that kind of thing.
People would be flocking over to btc.
K.
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LemonAndFries
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October 03, 2014, 04:58:23 PM |
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Yeah that's crazy and all, but we never hear about hackers going after student loans. That would be more useful.
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iluvpie60 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 03, 2014, 07:26:54 PM |
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Bitcoin user not affected ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FR3CaKks.png%26t%3D544%26c%3DCtDGeS8MXS91Rg&t=665&c=XC2jp2dlhgR6hQ) As long as BTC is priced in the dollar it still matters. It might get to a point where it isn't, but it will most likely be tied to something or else people would be confused about how much bitcoin should buy something for. Do you know how confusing it would be if bitcoin was just priced on its own all of a sudden? Nobody would know if they are getting ripped off or not. So unfortunately it is still based on the dollar for now in terms of price point/value proposition.
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a447513372
Sr. Member
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DLISK - Next Generation Coin
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October 04, 2014, 12:42:20 AM |
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But bitcoin user got key logged... not all but some..
Yes, bitcoin user got key logged, this is the best risk for a bitcoin user, keylogger.. Anyway, If I'm careful I can avoid this risk with simple devices ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Bank system is so bad.. If you are holding bitconi and you are successfully attacked then your bitcoin would be gone, end of story. However if your bank is attacked/hacked then your money would still be safe and still be insured in the event they have a loss. This is even more exaggerated with holding bitcoin on an exchange. If the exchange is hacked then you would need to share the loss with the other users even though your lack of security had nothing to do with the hack
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H.W.Z
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October 05, 2014, 03:14:28 AM |
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That's true, it happened before when the Cyprus banks did the dodgey - imagine the effects if a massive bank did that kind of thing.
People would be flocking over to btc.
K.
Yes, Some events like Cyprus need to happen to push up the price of bitcoin, which will lead ppl to realize the important role of bitcoin in the effort of preserving value.
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BTCmoons
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October 05, 2014, 06:20:59 PM |
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That's true, it happened before when the Cyprus banks did the dodgey - imagine the effects if a massive bank did that kind of thing.
People would be flocking over to btc.
K.
Yes, Some events like Cyprus need to happen to push up the price of bitcoin, which will lead ppl to realize the important role of bitcoin in the effort of preserving value. I would not be surprised if we see both an adoption surge and price surge the next time we see a major banking crisis. That (the banking meltdown) is what essentially "caused" bitcoin to come into existence in the first place.
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mnmShadyBTC
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 05, 2014, 08:33:51 PM |
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But bitcoin user got key logged... not all but some..
Yes, bitcoin user got key logged, this is the best risk for a bitcoin user, keylogger.. Anyway, If I'm careful I can avoid this risk with simple devices ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Bank system is so bad.. Well the thing is that if your bitcoin is "hacked" (aka stolen via malware/keyloggers/otherwise) then your money is gone forever and will likely not be able to find out who stole you money. With a bank account you are not responsible for any unauthorized withdrawals
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience - PRIMEDICE 3 HAS LAUNCHED @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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Waramp22
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 05, 2014, 08:43:20 PM |
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But bitcoin user got key logged... not all but some..
Yes, bitcoin user got key logged, this is the best risk for a bitcoin user, keylogger.. Anyway, If I'm careful I can avoid this risk with simple devices ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Bank system is so bad.. Well the thing is that if your bitcoin is "hacked" (aka stolen via malware/keyloggers/otherwise) then your money is gone forever and will likely not be able to find out who stole you money. With a bank account you are not responsible for any unauthorized withdrawals Give it time. In the future banks will accept bitcoin and they will be responsible for protecting our savings. For now just keep your stuff in cold storage and offline where hackers can't get at it.
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Some1else0
Member
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Offline
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October 05, 2014, 08:47:28 PM |
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The only problem with Bitcoin is the ever-fluctuating exchange rate, making it risky to own Bitcoins instead, especially if you're living paycheck-to-paycheck.
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Waramp22
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 05, 2014, 08:55:14 PM |
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The only problem with Bitcoin is the ever-fluctuating exchange rate, making it risky to own Bitcoins instead, especially if you're living paycheck-to-paycheck.
Volatility is normal for something with a small userbase. As the userbase grows in the future this will become more stable. Kind of like owning a penny stock, compared to owning stock in a huge company like Google.
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santaClause
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 06, 2014, 03:41:25 AM |
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But bitcoin user got key logged... not all but some..
Yes, bitcoin user got key logged, this is the best risk for a bitcoin user, keylogger.. Anyway, If I'm careful I can avoid this risk with simple devices ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Bank system is so bad.. Well the thing is that if your bitcoin is "hacked" (aka stolen via malware/keyloggers/otherwise) then your money is gone forever and will likely not be able to find out who stole you money. With a bank account you are not responsible for any unauthorized withdrawals Give it time. In the future banks will accept bitcoin and they will be responsible for protecting our savings. For now just keep your stuff in cold storage and offline where hackers can't get at it. We have some kinds of services like that today. One example is the coinbase vault. There are others as well but they are not as reputable as coinbase. The problem with doing this is that you need to trust that your "bank" will make good on their promise to give you your bitcoin when requested (after a "cool down" period if applicable)
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SF-Man
Member
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Offline
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October 06, 2014, 05:50:34 AM |
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Bitcoin user not affected ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FR3CaKks.png%26t%3D544%26c%3DCtDGeS8MXS91Rg&t=665&c=XC2jp2dlhgR6hQ) But bitcoin relatives are affected, therefore bitcoin users are still affected.
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shawshankinmate37927
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October 07, 2014, 02:44:34 PM |
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From all of these hacking stories including the supposed ICloud hack as well, it seems to me hackers and their methods are out pacing the technology that most companies rely on to protect themselves. It will take years before larger companies adopt something safer. What role can crypto/encryption play in this? Obviously their databases are encrypted but at a lower level so it probably doesn't take long to decipher stuffz.
Properly implemented cryptography is the only way to securely store information and communicate on a computer network.
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"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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