Is more money stolen through cryptocurrency hacking or bank robberies?
Is more money stolen through cryptocurrency hacking or bank robberies?
- Cryptocurrency hacking
- Bank robberies
- None of the above
- I don't know
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Is more money stolen through cryptocurrency hacking or bank robberies?
Comments · 14
Voted for
- Bank robberies
In one heist just a couple of years ago, over $100 million was stolen and another $1 billion was only foiled because of bad spelling:
https://en.wikipedia.org/wiki/Bangladesh_Bank_robbery
Just one example. If you're only comparing physical (guns and money bags) bank robberies it's a separate question, but if you include cyber-crime, then bank robberies outpace crypto-hacking by orders of magnitude.
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Voted for
- Cryptocurrency hacking
Likely―as banks themselves are more likely to be attacked online than in the flesh, and that a physical robbery has several constraints including for example, how much the perpetrator can carry and how much physical cash the branch has on hand.
According to this:
On underground web forums, anyone can freely purchase software to conduct an attack (with detailed "how to" instructions), as well as make the acquaintance of unscrupulous bank employees and money launderers. If properly prepared, an attacker with minimal technical knowledge can steal millions of dollars by penetrating a bank network, although it might seem that such networks should be protected quite well.
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Voted for
- I don't know
and it does not make sense to say "or" and then consider a "third" option.
Voted for
- None of the above
The more money is probably stolen by the bank itself from the customers of the bank. By applying high, unreasonable fees and charges. You probably pay a (monthly) fee for keeping your bank account. You probably pay a (yearly) fee for keeping your credit/debit card. You probably pay a fee every time you send money from your bank account. You probably pay a fee every time you pay with your credit/debit card in a store. You probably pay a fee every time you withdraw money from your bank account. Sometimes the banks are using negative interest rates, which means that you have to pay interests for your deposits. Maybe there are even hidden fees/charges.
