things this reveals
1. banks internal network is not secure.
2. ATM's actually have code to 'spit' out cash without a card. and also spit out more than a few hundred at a time
3. bank accounts can 'add balance' without the account checking where the funds originated
i think banks have admitted too much about how in-secure they are.
banks should take a lesson from blockchain tech about point 3. blockchain cant just add balance without showing source of funds
This is very True!
1. I worked in a bank, so I can attest to this. Even call centers have access to all your banking information.
3. I experienced this! My account balance grew into 1000 bucks and I didn't deposit anything in it. After several hours, this ghost balance disappeared from my account. It's a good thing I didn't withdrew the amount.
That's why banks wage war against blockchain and ultimately to all cryptocurrencies.
Security in banks is a fantasy.