This is not a coding error but partly a configuration error mixed up with poor general routines complemented by bad practice. Also the banking infrastructure doesn’t help.
Instead of fixing these issues this incident will most likely
change regulations in a way that it will be easier for banks to reclaim funds lost in similar ways in the future.
What consequences I can only speculate- but it might very well have severe negative effects.
Instead of fixing these issues this incident will most likely change regulations in a way that it will be easier for banks to reclaim funds lost in similar ways in the future.
What consequences I can only speculate- but it might very well have severe negative effects.