Hackers generate binary files from their programming codes in the computer system, and banks generate money (in the true sense of the word) through their end systems. That's right! Have you ever wondered how do the banks to lend money to all those thousands of people who turn to their chains of lenders for funding? .. Well ... The banking industry, in these cases, only serve to generate a figure (the one corresponding to the financing to donate) in the databases of their computer systems and electronic archives, and then - through a specific program of management accounting - They will be able to follow step by step and in real-time accumulation of the various interest and repayment phases of the loan to the final consumer. Moreover, it is not new that the money put into circulation by banking groups, and which serve to guide the 'economy of the various countries in certain directions, they are actually money created "out of nothing", simply by deciding the amount of the sum to be redistribute, and then printing their banknotes. But what many do not know, it is that the money lent to the person applying for funding are not real money, in fact NOT EXIST, but are virtual money made then "real" through specific banking procedures.
And is basically the same principle that governs much of our Western economy, that is determined by a specific value to the money in circulation in a particular country and at a given time. Then it was decided the total amount of money to circulate, and finally, we shall work accordingly. And these decisions are not related to the needs of citizens or their well-being, but rather to the financial interests of the ruling classes (political, bankers, big speculators of all fields). This is why the poor hardly get rich, while the rich do not become hard even richer. And is also the reason why the healthy and real economy ( which based on labor and businesses) does not generate those brilliant results - in terms of general well-being - that often you would expect.
The computer security experts are well aware that money is an "artificial" creation of banks, is something that is generated "virtually".
Nish Bhalla, CEO of Compass Security, in his brilliant practical demonstration revealed how it's relatively simple bottom of violating a bank account through a common network sniffer. Bhalla, of course with the approval of the same banking institution, showed the audience how, entering in the bank's computer WiFi network he could have access to sensitive data and login credentials through a "man in the middle" attack. At that point, thanks to a ARP spoofing, Bhalla was able to penetrate into a bank teller machine thus obtaining the data he needed to steal money electronically.
Surprisingly, the attacker has noticed that the cashier's computer communicated clearly with some of the bank's database, passing information on account numbers and passwords unencrypted.
The final phase of the attack was to steal funds, but instead of stealing money from other accounts, Bhalla has simply decided to crearsene a new one by $ 14 million, thus generating money out of thin air!
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