Can a hacker get into a bank’s system and zero out all the customer accounts? Why or why not?

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A terrifying thought I sometimes have is to finally retire with my 401(k) only to have a cyber attack wipe out all the assets I spent my entire career accumulating.

In: Technology

3 Answers

Anonymous 0 Comments

If it eases your mind at all, a ton of cyber security is geared towards protecting money in banks. Both the banks and the government have it in their best interests to keep the money protected, so it’s not likely that your money would get stolen from the bank.

What a lot of scammers try to do (with an unfortunately high success rate) is trick people into giving them bank account logins or to transfer money to them with the promise that they’ll pay it back. As long as you don’t give anyone your account details to a mysterious person over email/phone who’s claiming to be a bank employee or the IRS, you shouldn’t have to worry.

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