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DDoS attacks have been confirmed that have taken down two credit unions and several large banks’ websites. It’s been proven our entire financial system is vulnerable. While stealing personal information doesn’t seem to have been at play, this is a critical concern for the entire financial services industry. The two confirmed, targeted credit unions were able to get their sites back up in a few hours, which is excellent news.

Consider for a moment if these attacks had not been one offs, but a coordinated and concerted effort to take down the U.S.—or even global—banking system. It’s not difficult to imagine, raising grave safety and soundness and national security concerns.

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