U.S. financial institutions reported a sizable increase last year in the number of computer intrusions that led to online bank account takeovers and stolen funds, according to data obtained by Security Fix. The data also suggest such incidents are becoming far more costly for banks, businesses and consumers alike.

I'm telling you (as in whoever will listen to me), this is going to seriously undermine the whole economy . Particularly when these types of breaches affect trading markets, it will create FUD about the validity of the market. This is why the Prez has suddenly taken such a serious interest in creating cyber-defense.

Banks: Losses From Computer Intrusions Up in 2007