'Two Weeks' To Prepare For Cyber Attack On Bank Accounts - UK Government

GoldCore's picture

 

Today’s AM fix was USD 1,244.25, EUR 914.42 and GBP 742.26 per ounce.
Yesterday’s AM fix was USD 1,244.75, EUR 915.26 and GBP 743.49 per ounce.
Gold fell $7.70 or 0.62% yesterday to $1,243.10/oz. Silver slipped $0.06 or 0.32% to $18.75/oz.

 




Gold fell to the lowest since February 3 and prices completed a sixth day of declines for the longest losing run since August. Gold bullion in Singapore traded sideways around the $1,244/oz level prior to ticking slightly higher to over $1,246/oz at the open in London (0800 BST). Silver for immediate delivery rose 0.5% to $18.849 an ounce after sliding to $18.635 on May 30, the lowest since June 2013. Platinum traded at $1,437.75 an ounce from $1,435.56 yesterday, when prices fell to a three-week low of $1,433.

Palladium added another 0.2% to $833.74/oz. The metal climbed to a 34 month high of $845.24 an ounce on May 28 amid a strike in South Africa and prospects of further sanctions against Russia, the world’s biggest producers.

Gold held near a four-month low as risk appetite saw advances in the dollar and global equities. The Standard & Poor’s 500 Index reached a new record high and the dollar climbed to a two-month high against 10 major counterparts.

Gold declined 3.3% in May, the biggest monthly drop this year, despite quite strong fundamentals.  The euro also weakened 1.7% versus the dollar in May and there is speculation that the European Central Bank will become even more dovish when policy makers meet this Thursday, June 5. Goldman alumni Draghi adopting an even loose monetary policy should support gold prices.



Gold in U.S. Dollars - 5 Years - (Thomson Reuters)

On Friday, the U.S. nonfarm payrolls data will be watched for signs regarding the fragile U.S recovery. As usual, a good jobs number should see gold sold by traders and a poor jobs number should see gold buying.

Gold remains 3.6% higher this year partly due to robust global demand and due to heightened geopolitical risk.


Since May 29, the 14 day relative-strength index has been below the level of 30 that suggests a potential impending rebound to technical analysts.


'Two Weeks' To Prepare For Cyber Attack On Bank Accounts -  UK Government
Computer users are being urged to protect their machines from malware which could allow hackers to steal financial data, access banks accounts and withdraw savers funds.

British investigators have been working with the FBI to trace the hackers behind an attack, which they expect to take place in the next fortnight.

Between 500,000 and one million machines have so far been infected worldwide, according to court documents.

U.S. officials have accused a Russian hacker of masterminding the scam - and prosecutors say those involved have already raked in more than $100 million (£60 million).


The National Crime Agency (NCA) is now warning of a "powerful computer attack". It is urging people to back up important files and make sure their security software and operating system are up to date.


Two pieces of malware software known as GOZeuS and CryptoLocker are responsible for the alert.

They typically infect a computer via attachments or links in emails. If a user clicks on GOZeuS, it silently monitors activity and tries to capture information such as bank details.

"(The links or attachments) may look like they have been sent by genuine contacts and may purport to carry invoices, voicemail messages, or any file made to look innocuous," the NCA warned.

"These emails are generated by other victims' computers, who do not realise they are infected, and are used to send mass emails creating more victims."


The Cryptolocker malware is activated if the first attack is not profitable enough. It locks a user from their files and threatens to delete them unless a "ransom" of several hundred pounds is paid.

Some 234,000 machines were hit by Cryptolocker - bringing in $27m (£16m) in payments - in its first two months, the US Justice Department said. More than 15,500 computers in the UK are infected and "many more" are at risk, according to the NCA.


Stewart Garrick, a senior investigator with the NCA, told Sky News the threat was mainly against individuals or businesses running Windows-based computers.

We have long warned of the vulnerability of having all your investments and savings in electronic format. The nature of our modern financial and banking system exposes investors and savers to new risks that were not there a generation ago.

Prudent diversification today, involves owning some actual physical gold and silver coins and bars in your possession or in allocated, segregated accounts that can be taken delivery of with a phone call.

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kchrisc's picture

What's the difference between a "cyber-attack" and a "bail-in"?!

zipit's picture

The criminals who do bail-ins get away with it (so far, anyway).

TheReplacement's picture

The difference is which bankers end up with your dough, eastern or western.

silverserfer's picture

Goldcore, can you please just title one of your articles for me, 

 "Don't be a fool! Buy gold bitchez.     mmmm  hmmm!" 

DeficitAlchemist's picture

What a Scam of ZIOn By our intelligence community shadow government... Of course it must be a 'Russian' Syndicate.. bond villian and current Ukraine evil empire Overlord not.

Trying to justify their existence against 'terroism' for which they are the key architects, and force all sheeple to utilise new virus software with NSA/MI5 back doors to do the real bank based snooping for 'reset day' data.

They will also model the statistical compliance to there false flag based online 'threat', by collecting data on every sheep that chages passwords or upgrades to government hacked virusware, where courtesy of the corpotocracy of technology, that is the support prostitute and co-opted mass sheeple managment tool for the elite.

 

Ignore do f**ck all.. always exercise caution on clicking attachments and links, remember the State has been implicated in sending phaedo images to know activits from friend and allied contacts in un previewable attachments.

kurt's picture

I'd be willing to bet the high profile password reset of Ebay customers because of a "breach" is the NSA's way of generating password change traffic for them to farm being that its easier to steal when its being reset what with email confirmations and such. They would collect all Ebay data, for example, after the announcement and have a "rich" soup of password containing data to decrypt.

Think of NSA as a large krill feeding baleen whale: it's easier to feed in a thick school of krill than one at a time.

So, yeah, I share your scepticism.

Racer's picture

" or in allocated, segregated accounts"

Until the criminals inside the banks decide it isn't

Racer's picture

"U.S. officials have accused a Russian hacker of masterminding the scam"

Haha...... don't believe a single word anything the US has to say about anything!

Imminent Crucible's picture

LOL! I always suspected Jimmy of being an Eric Holder clone.  Now the truth is out.

DeadFred's picture

Occasionally they tell the truth, when it happens to suit their purposes.

Imminent Crucible's picture

Anyone who is still leaving substantial cash balances in their bank account is really too insulated from reality to help. The only thing that will get them wide awake is to get Cyprus'd.

By the time they realize it's a real risk, it will be too late.  I leave only enough money in the bank to pay the bills that are currently due.  I'm prepared to lose access to a small fraction of my liquid assets in exchange for the convenience of electronic bill pay.  But that's only for now. The next step is to lose the bank account and become one of those "unbanked" rabble that pay their bills at the electric co. with cash or a postal money order.

What else can you do?

Edit: The other thing I can do is install a solar system that allows me to un-tether from the grid altogether. That's coming as soon as the new house is finished.

Private well, 30 gpm: Check.

Private sanitation: Check.

Backup electricity and load rotation: Check.

Solar array: I'll get right on that.

ThisIsBob's picture

G-20 and several boxes of buffalo bore:  Check

Imminent Crucible's picture

Yeah, I forgot that. I keep four calibers in stock and buy them from ableammo.com 500 rds at a time.  I really doubt I'll ever need to use them.  You should see the road up to the house and the vertical mountainside it's on. It sucks so bad that even the Jehovah's witnesses won't come up there.

Not that I have anything against Jehovah's Witnesses or anything. It's just the kind of road you need a jeep Wrangler for.

Oh, yeah. Jeep Wrangler: Check.

If they want my stuff, they're gonna have to teach drones to steal.  There's no heli-pad.

dark_matter's picture

Where do you keep your financial assets or do you turn everything into physical property?

Imminent Crucible's picture

I'd like to answer your question, dark matter, but the NSA is listening in, and just between you and me, I don't trust them.

Winston Churchill's picture

You may want to consider a cold water tank in the attic of your new house,

if you are relying on solar to pump water. A 30gpm pump is a lot of power use.

A lower gpm, and then gravity feed would be better IMO.

Imminent Crucible's picture

Good point, Lord Churchill. I am in fact considering a big PE storage tank, based on the countless tinacas I've seen in use in Baja California.  I should clarify that 30+gpm is the well output rating, not the pump. The driller described it as an "underground river". The pump is a standard 20-amp submersible that will run off my generators. I have a separate generator shed with generators and fuel stored inside, away from the house.

The attic would not hold the tank or support the weight of the PE water tank, however. Tinacas are usually set on their own concrete stand, at a high enough level to pressurize the house system.  It's definitely a good suggestion to keep a backup store of water just in case the pump goes bad or the fuel runs out.