Tuesday, May 29, 2018

Inside job

The Incredible Story Of How Hackers Stole $100 Million From The New York Fed

The Bangladesh bank official gave up the authorizing codes to the crooks.

In the sandbox, this does not happen. The authorizing bank official does not know the secret key, it is hidden inside the counterfeit  proof smart cash card, no human sees it. Instead, the transfer is initiated via thumb print which causes the card to generate a public key. Thus we have a verified thumb print, we have identified the living tissue doing the theft.

The internet uses this system for entering the guarded URL servers. Call that the smart URL card.  Central banks are  behind the curve and the North Koreans are smart.

Sandbox has one possible theft path, counterfeiting a card via reverse engineering.  Hardware engineers work at the gate level are very good at stopping counterfeit.  

This issue is five years old, get a clue bankers.

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