> If a Chinese fighter jet shot down a FedEx plane flying over the Pacific, that would be considered an attack on US sovereignty and the government would respond appropriately
But if a bunch of Chinese people robbed a US bank, let's say the federal reserve, causing enormous financial damage but not loss of life, the response would be similar. Especially so if their link to the actual Chinese government was suspected couldn't reliably be proven.
Governments catch foreign agents somewhat regularly, and those captures don't lead to an all-out war.
Perhaps - but, whether or not people from $ForeignNation are involved, U.S. banks (or other corporations, or ordinary citizens) generally do not need to have their own armed police/security forces to deal with armed robberies. Nor their own DA's, courts, etc.
Vs. any "cyber" crime? All that nice stuff about "...establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare..." falls on the floor, and...YOYO.
It's absolutely the responsibility of financial institutions to secure their premises and systems. Banks have massive security departments, guards, access restrictions, systems to detect fraud, vaults etc. The government only gets involved once a crime is reported, not in securing facilities.
In fact, inadequately protecting their assets from mistakes or attacks can lead to SEC fines on top of losses,
If there is an attack in progress, the police will intervene, of course. But if it leads to a financial institution collapsing because all their money was in the one place and they weren't insured, then that's the fault of the bank.
Are you ready to leave your authentication services, acl, patching procedures, tech stack choice, and network monitoring and management in the hands of the government? Because if you are not, you are asking the government to perform duties without the necessary means.
But if a bunch of Chinese people robbed a US bank, let's say the federal reserve, causing enormous financial damage but not loss of life, the response would be similar. Especially so if their link to the actual Chinese government was suspected couldn't reliably be proven.
Governments catch foreign agents somewhat regularly, and those captures don't lead to an all-out war.