Tuesday, May 12, 2015

Cyber Attacks Pose Biggest Threat to Economy

We are quite positive that America isn't going to continue being the most-blessed nation on earth forever.  We know this because of the innocent babies we abort, the smut we export, the illicit drugs we import and the godlessness we have incubated.

But could America be in for a slow motion judgment....kind of like Great Britain where they went from most powerful nation rather insignificant nation over the course of decades?  Or could our demise happen suddenly?...like a black swan falling out of the sky?

Today I received this article from a wealth management newsletter.

Cyber Attacks Pose Biggest Unrecognized Threat to Economy

There is no shortage of threats to the U.S. economy: fragile growth, increasing regulation, the timing of the Fed’s raising interest rates, White House and congressional inaction, out-of-control entitlements, and a punitive and complicated tax system. Yet the biggest threat may be one that is least mentioned: cyber attacks.

Cyber attacks have been expanding quickly from criminal gain to corporate espionage to ideological warfare. And these attacks have been increasing in frequency, scale, sophistication and severity.

The primary reason for cyber attacks has been financial gain. Criminals go where the money is and there is easy money using personal data to commit fraud. Credit card data are sold to other criminals who use them to make purchases. Medical data are used to create new personal identities for credit card and bank fraud. Health insurance information is used to make false claims, access addictive prescription drugs and get free medical treatment.

As a result, stealing personal data has reached epidemic proportions. The numbers from recent data breaches are staggering: credit card information from 56 million Home Depot and 70 million Target customers, 145 million login credentials from eBay, contact information for 76 million J.P. Morgan Chase customers and 80 million Anthem customers. Even small companies are not immune to these cyber attacks. From card skimmers to point-of-sale intrusions, data theft rings have targeted relatively unprotected small businesses as a new and vast profit center.

The economic costs are monumental. It costs the breached organization an average of $200 per compromised record, mostly from business disruption and revenue loss. That does not include intangible costs like losing customer loyalty or hurting a company’s brand.

To add insult to injury, corporate espionage attacks are increasing. Stealing intellectual property and spying on competitors comprises a growing number of attacks and come at huge costs to the company that has been hacked. And the big difference with corporate spying is that the attacker usually does not give up until they are successful.

Finally, and most dangerous, are ideologically and politically motivated attacks. Cyber attacks have proven that computers are very vulnerable. But like any profit-driven enterprise, criminals and corporations are adverse to killing the goose that lays their golden eggs. Even nation states like China and Russia may be too co-dependent on the U.S.

Here;  http://thetrustadvisor.com/headlines/cyber-attacks?mkt_tok=3RkMMJWWfF9wsRokv67PZKXonjHpfsX%2B7ugoUbHr08Yy0EZ5VunJEUWy24ADStQ%2FcOedCQkZHblFnVQITq2tV7QNrKMF

The Bible is clear that the Last Days financial system is going to disappear suddenly...in an hour.

Bible readers over the past 2000 years could never figure out how most of the things mentioned in Revelation could ever happen!  How is it possible the whole world could "see" the Antichrist desecrate the Temple?  How is it possible that all humans would be required to have a mark put on their bodies to buy or sell anything?  How is it possible that a whole world could be linked in a financial economy?

For 2000 years all these Revelation events were explained as dreams or spiritualizations or just "too confusing to understand so I don't bother!"

Until recently, in just the past few years, WE HAVE BECOME THE FIRST GENERATION to see the technology available for ALL THESE THINGS SPOKEN OF IN REVELATION TO BE LITERALLY FULFILLED!

So could hackers one day hack into our banking system and erase millions of $0's and in an instant destroy our faith and confidence in the U.S. Banking system?

Yep.  It could happen!

Yes, all you scoffers!!...it could EVEN happen in America!!

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home