With all the news about the Sony Hack I have become concerned about retirement fund safety.
Are others becoming more concerned? Has anyone taken steps to increase security?
Not really. Sony's been hacked before and never fixed their existing issues. Apparently their management didn't care enough to really fix the core issues. I'd read a piece claiming the dollar amount of damage, a great deal of that number was fixing security holes they knew existed, before this last hack!
Take your mutual fund account (wherever). They are regulated and audited. These audits are no fun, the auditors are signing off they did due diligence. The first hack at Sony would have caused a mutual fund company to fix everything, starting with the apparently incompetent security staff.
Think about it, Sony cost themselves a lot of money. They didn't take it away from you. If a fund company lost its client's data/money how long do you think they would be in business? The redemptions would destroy the business.
I don't understand the reports that the hackers deleted Sony's data. Where is the off site backup? Really you don't have one, that is beyond sad. (Data recovery 101)
All that said, take proper precautions (strong passwords, don't share, AV, and OS updated...) and relax.
Yes I strongly believe these hackers should be prosecuted and put away. I hope the rest of corporate America wakes up, there are bad guys that want in, you need to have staff and funding to keep them out. Good career speciality for a while.
Thanks Tekward good advice on ssa.
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