Earlier quoted context omitted.
If they are not beholden to the political incumbent, they will be beholden to a shadow org of conflicting interests. And this shadow org away from public spotlight is the problem
How is it a problem?
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LockBit claims to exfiltrate 33TB of data from US Federal Reserve
81–90 of 98 posts
Re: LockBit claims to exfiltrate 33TB of data from US Federal Reserve
#82Earlier quoted context omitted.
> lets banks settle the total amount of processed transactions, thus leaving out any details of particular transactions This is the definition of a Net settlement scheme (multiple transactions are combined at end of a period, resulting in only the net changes being transferred), not a Gross settlement scheme.
FedACH is a net settled scheme, but even then, the operator of such a scheme usually has visibility into individual payments (unless participating banks settle everything bilaterally and there is no central operator/hub).
I was merely clarifying their use of "RTGS" vs their textual description of it.
Re: LockBit claims to exfiltrate 33TB of data from US Federal Reserve
#83Earlier quoted context omitted.
They're one of the most powerful, and one of the most scrutinized. Keeping them insulated from political pressure is incredibly important. Otherwise you end up with a monetary policy of "drastically cut rates right before the election to protect the incumbent".
Which is what this clown Glapiński did for PiS in Poland. And by clown I don't exaggerate. All his off-topic rambling and "bon mots" became a meme ("jak rośnie to spada, jak spada to rośnie", "nie ma co się kopać z koniem") This really shows how difficult it is to maintain quality of unelected officials who are supposed to be independent and can't even be dismissed.
> can't even be dismissed
Fun fact, this is an unresolved question of law in the U.S. [1].
[1] https://www.bloomberg.com/news/articles/2019-06-18/white-hou...
Re: LockBit claims to exfiltrate 33TB of data from US Federal Reserve
#84Earlier quoted context omitted.
The use of "many" in such contexts by journalists (and human/AI entities who choose to write like journalists, as in this case) is a shim used to make personal opinion seem more objective.
And we can definitely rely on plurality of professionals. There were many (almost all) journalists and intelligence professionals that claimed the Hunter Laptop was not real… except of course it was and entered into evidence in his gun trail and conviction recently.
Could you link something showing that "almost all" journalists claimed the laptop wasn't real? Some articles from notable publications making such claims, etc.
Re: LockBit claims to exfiltrate 33TB of data from US Federal Reserve
#85Re: LockBit claims to exfiltrate 33TB of data from US Federal Reserve
#86Earlier quoted context omitted.
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> There was all the crack anfter Joe spent decades enforcing laws to disproportionately punish users of that drug. Many people, on all sides of the political aisles as well as the population, supported the "war on drugs". It's not really fair to single out Joe Biden for a policy that was unquestionably popular during the time. > And the more actionable complaints that he was selling influence to Joe while complaining…
>Many people, on all sides of the political aisles as well as the population, supported the "war on drugs". It's not really fair to single out Joe Biden for a policy that was unquestionably popular during the time.
But let’s looks at the facts, https://www.c-span.org/video/?c4802783/user-clip-joe-biden-p...
>> And the more actionable complaints that he was selling influence to Joe while complaining about his cut.
Right, the good old, “well there is no evidence except for the evidence that isn’t enough to convict”. These people knew exactly what they were doing and covered their tracks except for the crackhead son of course, because crackhead.
You don’t need to protect him. His being a bad person doesn’t mean his opponent is a good person.
Re: LockBit claims to exfiltrate 33TB of data from US Federal Reserve
#87Earlier quoted context omitted.
Transactions above $10k get reported. Reported to who? Is it the Fed? If that data got stolen, that would be enormous. If it's technical analysis data ("In October 1957, Idaho produced X tons of potatoes..."), then it's less interesting.
For what it's worth, Idaho produced 35,525,000 cwt (1,776,250 short tons) of potatoes in fall of 1957. https://archive.org/details/CAT10268574003/page/4/mode/2up?q... ;)
Now this is what I come to HN for. Did you go looking for this report, or did you already know these were uploaded to the internet archive?
Re: LockBit claims to exfiltrate 33TB of data from US Federal Reserve
#88Earlier quoted context omitted.
I think most of the things you listed weren't really used in the wild, at least not at scale?
I’m pretty sure every phishing attack almost ever was used in the wild and OS-agnostic. The rest of the list was off the top of my head. Other than WannaCry and Stux, how many large scale windows malwares can you name without looking them up?
Yeah that's the exception I had in mind.
I guess you could call it social engineering, but it seems like the words Microsoft Outlook and Active Directory are way overrepresented in these attack vectors (hopefully not in this particular case.)
Re: LockBit claims to exfiltrate 33TB of data from US Federal Reserve
#89Earlier quoted context omitted.
What are house payments usually made with?
Just regular "SEPA slow" (i.e. SEPA credit transfer), as far as I know, unless they're financed by a mortgage/loan anyway. Some banks offer "rush payments" for that use case in particular, which I believe essentially correspond to either an RTGS payment and a phone call or fax to the receiving bank ("hey, can you check your TARGET2 account real quick for our transfer and credit your account x for the sum please?"), o…
Even if they're financed with a mortgage, the actual payment from the lender will almost certainly be SEPA; very little reason to use anything else.
Re: LockBit claims to exfiltrate 33TB of data from US Federal Reserve
#90If this is real, this is an incredible target to choose. I mean, you might not make it trial if they catch you, if you know what I mean. Makes me wonder what level of affiliation or perceived safety would make anyone this confident.
They will be Russian. All of the groups are just government agents, that’s why you get someone like “Anonymous” suddenly appearing overnight, attacking someone that is a foreign rival to the US and then disappearing for another 8 years.
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