mere reading the news of the hacked bybit exchange and the amount that has been stolen from it, it made me wonder if an exchange that should naturally be technologically strong can get hacked, what happens when a strong hacking teem decides to try out our nija banks that might not be well sophisticated regarding it security.
Have you tried the Nigerian bank security to know they are easily hacked? You don't say that just because they are in Nigeria, these businesses are also spending a huge amount on hacking. But note that anything present online can be hacked, which doesn't even excuse the US military, as groups of hackers that were deliberately used by the US military have been successful in the past. Though they end up employing such people, who know if there are hackers out there who are more sophisticated?
As for Bybit, the heist style is old, the hacking was the commonly used one, and they approved it themselves. They were only careless in verifying the address, especially the CEO who signed the last approval.