Friday, January 3, 2020

It's Time to Put Some Cash Under Your Bed: Iranian Response Could Include Attack On US Bank Computer Networks

Ok, you know it is coming, an Iranian response to the U.S. assassination of top Iranian military leader Qasem Soleimani.

It is unclear how or when such an attack might occur but don't rule out the possibility of an Iranian attempt to attack U.S. bank computer networks.

Larry Johnson reminds:
More likely is that Iran will get back into the terrorist game and do so in a big way. Iran has a robust cyber warfare capability and [can] hurt U.S. infrastructure. They can do more damage to us on this front simply because our economy is more dependent on computer networks. In the aftermath of the 2013 Stuxnet malware attack on Iran’s nuclear facilities (it was U.S. software deployed by Israel) it is believed that Iran launched a spate of cyber attacks against online banking sites that accelerated in September. U.S. banks, including JP Morgan Chase & Co., Bank of America Corp., Wells Fargo & Co. and PNC Financial Services Group Inc. That was just a warning shot from Iran.
I am not predicting this will be the type of attack that will occur but it is a prudent time to make sure you have one to three months of living expenses in cash under your bed.

You should have that already but if you don't, what are you waiting for?

During a crisis with ATMs down, a cash hoard will have tremendous buying power.


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