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Sounds like the outline for yet another apocalypse movie. They are all good fun, but for me I'll choose to monitor my accounts frequently (because data show that rapid detection is correlated with lower losses to bank and consumer) and protect my data from
both offline and online exposure (because data show that criminals steal information through both low and high-tech methods). As industry shares control of identity and account records with identity holder we'll get identity fraud under control, using the
latest technology to turn the tables on criminals.
Cockermouth not close enough to home? Someone is going to have to pay to fix those bridges - anyone have any cash?
I found this apt quote from the Economist - the description of Napoleon is by Louis Madelin, his contemporary and biographer:
"He would deal with three or four alternatives at the same time and endeavour to conjure up every possible eventuality—preferably the worst. This foresight, the fruit of meditation, generally enabled him to be ready for any setback, nothing ever took him
by surprise … perhaps the most astonishing characteristic of his intellect was the combination of idealism and realism which enabled him to face the most exalted visions at the same time as the most insignificant realities. And, indeed, he was in a sense a
visionary, a dreamer of dreams."
I believe awareness increases empowerment - and putting ones head in the sand in this case will only lead to being found drowned in an unflattering position. The parallels in corporate management are there...
This post is from a series of posts in the group:
A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.
06 Dec 2020
25 Nov 2020
10 Nov 2020