Could you prove that you actually had a bank account with a particular bank? If you don't have paper records verifiably from the bank
you could have a problem.
A friend of mine discovered that a small amount, $500, had disappeared from his account. Since he had the paper records he was able to follow the money trail. Interestingly the bank, upon discovering the discrepancy, simply altered all the electronic records to reflect that the $500 had never existed. His paper records reflected that the $500 did exist.
I raise this question given what has happened in the past several months. Several weeks ago my bank, TD, was hit by a DDOS attack giving me no access to any banking or brokerage services for a number of hours. I'm a paperless banking customer and there appears to be no way to actually get a chequing account statement electronically.
In this article, US Bank Website Attacks Reach New Highs
, major U.S. bank websites were offline a total of 249 hours in the past six weeks.
Then there's this, Chase denies hack behind sudden account drains
After discovering the apparently empty accounts via the Internet or mobile devices, many Chase banking customers turned to Twitter to express their frustration and show screen shots of zero balances. Other users were greeted with messages that their bank account balances were unavailable.
According to the articles there are serious cyber attacks emanating from who knows where
If bank records and backups were destroyed in such an attack could you prove that you were a customer and could you prove that your bank records were real?
Sounds like the plot from many different movies but given that attacks are happening and that WW III will likely be a cyber war ask yourself, are you prepared? Science fiction? Read this
on how North Korea through the detonation of a satellite deployed nuke, could destroy the US economy. I recently read that 9 out of 10 people in the US would be dead within a year of such an attack whereas the article estimates 2 in 3, small consolation.
The Congressional EMP Commission estimates that, given the nation’s current unpreparedness, within one year of an EMP attack, two-thirds of the U.S. population — 200 million Americans — would probably perish from starvation, disease and societal collapse.