Robert Hirsch
1 min readOct 4, 2019

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we can’t even see that these security systems are there.

Not strong enough, nor pointed enough. It’s not that we can’t see security systems there, we can’t even see when those systems fail or when they are attacked. So we assume it doesnt happen.

It happens.

There are a myriad of ways that the banks can fail. The government forces people to pay it to provide a poor amount of insurance (good enough for most people), so no one really looks at what is happening. But banks lose money time and time again, from ‘small’ time robberies, to utter collapse and damage to the world economy. Never mind that the largest banks engage in money laundering time and time again.

The premise of the article, while good to add as a reference, especially pointing out that it’s mostly human error that causes vulnerability to hacks, its important to note that the banking industry is attacked and loses to hackers on a daily basis. Granted most often, it’s identity information that gets lost.But its often credit/debit card info, so hackers can just spend money like there is no tomorrow. Never mind that banks lose billions of dollars to hackers.

So the question shouldn’t be “Why do people get hacked in crypto so often”. The question should be “why don’t people know that it happens way more often for far larger amounts in the banking industry?”

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Robert Hirsch
Robert Hirsch

Written by Robert Hirsch

Author, Maker, Father, Dreamer. Robert received his Ph.D. from RPI in Mechatronics. Since then, consumer devices, renewable energy, and now blockchain.

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