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Do you think it's possible/probable that a "hacking scandal" in some form will strike Numismatics??
keets
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Given all the trouble from the past 5-10 years, where anyone and everyone, any entity or organization seems to be a target, do you think it's likely that our Hobby will be affected some way by an e-mail type hack or a password dump?? Things of that nature are in the news constantly as of late and though it is typically tied to something Political or Technological it all is really about the money.
Numismatics is all about the money. Every time a major auction ends the total sales amount is listed in the tens of millions of dollars. Isn't it logical that something will happen?? It doesn't really worry me but I assume it could have a potentially devastating affect on some collectors, some dealers or one of the major Auction Houses. How would it affect PCGS or NGC??
What are your thoughts on this??
Al H.
Numismatics is all about the money. Every time a major auction ends the total sales amount is listed in the tens of millions of dollars. Isn't it logical that something will happen?? It doesn't really worry me but I assume it could have a potentially devastating affect on some collectors, some dealers or one of the major Auction Houses. How would it affect PCGS or NGC??
What are your thoughts on this??
Al H.
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"Got a flaming heart, can't get my fill"
The hacking problem is probably far worse than we imagine. How many corporate hacks have taken place and have yet to be discovered. A recent one that affected me, Eddie Bauer, apparently went on for nearly six months before the corporation became aware that they had been hacked.
Cheers, RickO
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
about 2/3 down it gives interesting info on the size of the US Coin market. It pegs it at about $5B. About $500M is auctions and about another $500M is numismatic sales from the Mint.
A market that is so small will be hard pressed to garner much interest from some sort of email scandal.
There would likely need to be financial incentive or a desire to blackmail someone.
John, that is very insightful since the Government in some form or another tends to be a prime target.
I'd guess also that 99+% of their sales involve credit cards so they're likely to have LOTS of CC numbers. eBay and PP can't be far behind.
No. My view is that hackers have more attractive targets (both in terms of financial rewards and mayhem) than our relatively small hobby.
+1
Not worth their time nor efforts.
"Hacking scandal"... no.
There's an awful lot of eyeballs on "our" money. Hackers tend to go where there isn't a lot of attention being paid.
Not really true. High value targets have a lot of "eyeballs" (I'll assume that means security and safeguards). Governments, international corporations, etc. have the most attention paid and have countless attempted attacks.
The worst was the OPM (Office of Personnel Management) hack. A contractor was doing a demo of security software they were trying to sell and ran it on the government's system. It revealed that someone had been in their system for a year. The government then claimed that they found it themselves as part of their own scans and checks.
I remember telling him that I did not see the good in "hacking". He said " Hacking is business". Then I realized Edward Snowden wants to be pardoned by Obama for telling us we were getting hacked. And that Wikipedia founder is held in high esteem for all the hacking wiki leaks.
And the govment was knocking on my customer's door for doing it , too . Hacking: Who knows what goes on behind closed doors ? Am sure information is that valued.
``https://ebay.us/m/KxolR5
scandal --- an action or event regarded as morally or legally wrong and causing general public outrage.
I'm not sure what the gain would be?
I can think of a few, access to information and monetary gain being the most prominent.
John, that is very insightful since the Government in some form or another tends to be a prime target.
That's because government is run by sluggish bureaucrats and they are overall the easiest organizations to hack.
No. My view is that hackers have more attractive targets (both in terms of financial rewards and mayhem) than our relatively small hobby.
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I'm not sure what the gain would be?
Just in the past week the mint has sold over 60k Gold SLQ. With all being online sales and a HH limit of 1 that is over 60k credit card numbers. Additionally, most people save their CC info in their profile so they can click through an order faster. Plenty to gain.
I'm not sure what the gain would be?
Just in the past week the mint has sold over 60k Gold SLQ. With all being online sales and a HH limit of 1 that is over 60k credit card numbers. Additionally, most people save their CC info in their profile so they can click through an order faster. Plenty to gain.
Am I the only guy that uses a "one time use" CC number when buying something online? Maybe it's just the banks I use, but the credit cards have an option that lets you generate a "one time use" temporary number that is linked to your account but does not divulge your account. If the online account gets hacked, all they have is your name, address, phone and a bogus CC number.