This is also a national security risk. A nation state interested in war will have an easier time shutting down a small handful of things simultaneously to quickly cripple our economy.
For example:
- Shutting down only Visa and Mastercard would disable the vast majority of credit cards.
- Disabling debit cards or withdrawing funds from JP, BofA, Wells Fargo, and Citi would disable the majority of banking clients in the US.
- About 40% of US air travel could be stopped by hacking American and Southwest.
We've already seen similar large scale attacks on large companies:
- In the 90s and early 2000s, Microsoft's weak security allowed worms to cripple Microsoft Office and Windows.
- 100 million JP Morgan accounts were compromised by 3 people in 2015.
For example:
- Shutting down only Visa and Mastercard would disable the vast majority of credit cards.
- Disabling debit cards or withdrawing funds from JP, BofA, Wells Fargo, and Citi would disable the majority of banking clients in the US.
- About 40% of US air travel could be stopped by hacking American and Southwest.
We've already seen similar large scale attacks on large companies:
- In the 90s and early 2000s, Microsoft's weak security allowed worms to cripple Microsoft Office and Windows.
- 100 million JP Morgan accounts were compromised by 3 people in 2015.