North American Network Operators Group Date Prev | Date Next | Date Index | Thread Index | Author Index | Historical OT: Banc of America Article
I believe specific account data is not kept on the local machine. I may be wrong, not to mention the data strip on the card... Nothing new. Look at what happened to the Chicago Board of Trade a few years back. I wonder how WCOM reported the out-of-court settlement for that one their books. ;0 The original NSI SI, National-Security-Internet-(Survivable-Infrastructure), model was replaced years ago by the BBC, Best-Business-Case model, puns intended. Best regards, ______________________________ Al Rowland > -----Original Message----- > From: [email protected] [mailto:[email protected]] > Sent: Wednesday, January 29, 2003 9:47 AM > To: Al Rowland > Cc: [email protected] > Subject: RE: Banc of America Article > > > > IIRC, the ATM system is similar to CC transactions. A best > effort is > > made to authorize against your account (Credit Card or > Banking) but if > > it fails and the transaction is within a normal range (your > daily card > > limit) the CC/ATM completes the transaction. > > Too bad it is not the case, but lets presume that it > is. How does it explain branches not being able to process > direct withdrawals either? > > The incident on hand illustrates that the design of our > financial networks is broken. If a non sophisticated worm > managed to create so many problems, what is going to happen > should a real attack be mounted against the networks used by > financial services? > > Alex > >
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