We’re Doomed

In our brave new tech world, there’s nothing to fear but . . . everything.

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An out-of-order ATM in Newcastle-under-Lyme, Britain, August 12, 2020.

Carl Recine/Reuters

The news headlines last week had two words you just hate to see: “Banks scramble.” It’s never good when banks scramble. They’re reacting to bad news, or shoring up positions, or just cobbling together press releases assuring everyone that everything is fine. “Banks scramble” is almost as bad as “the fundamentals of the economy are solid,” which is usually a sign to bury the gold and dig up the guns.

Why were they scrambling? Because there was a big internet security problem. Something with PhP, whatever that is? Faked certificates? AES-256 codes cracked by AI in brute-force attacks that exploited a back door and exposed everyone’s bank passcodes? Something like that? Oh heck, don’t listen to me, I don’t know what I’m talking about. Let’s go to a trusted source, Amazon’s security blog:

James Lileks

About the Author

James Lileks

James Lileks blogs at www.lileks.com.

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