# Cyberattack Risks to Retirement Funds and the Need for Preparedness

- Original post: https://www.twitter.com/i/status/2121402374237327495
- Source account: [@C_3C_3](https://x.com/C_3C_3)
- Source language: English
- Duration: 1:33
- Published: 2026-11-14
- Canonical URL: https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness

## Transcript

[0:00](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness) If you have a big cyber attack that caused a lot of problems, then people will say, "Okay, they were right.

[0:08](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=8) The people who were talking about that were right."

[0:11](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=11) So it may be that we have to suffer a few of the negatives, uh, before we'll, we'll respond as fully as we should.

[0:22](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=22) Fortunately though, you know, those aren't civilization-ending.

[0:26](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=26) They're, they're bad. Uh- I mean, if you hack, if you hack Fidelity or Vanguard and much of the world's trillion-dollar retirement nest egg, that would be a pretty big event.

[0:36](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=36) Well, you could create uncertainty in, in cases like that.

[0:39](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=39) And so being ready, trying to make sure we do the things and avoid any negative incidents.

[0:46](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=46) But assuming we fall short of that, then when some of the negatives start to emerge, you have very concrete ideas in place so people say, "Okay, you're right.

[0:59](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=59) We don't want that to happen again." So I know that getting people into this dialogue is worthwhile, even though the risk that will allow a few events to happen, uh, is very high.

[1:13](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=73) So in other words, what it's going to take for us as a country and a world to tackle this is not just a 12-page essay from Bill Gates.

[1:20](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=80) It could be a catastrophe. That's fair. News alert. The FAA has issued a national ground stop over extraordinary circumstances and reasons of safety.

[1:31](https://www.translate.mom/transcript/0kWoiwiB9mCz/en/cyberattack-risks-to-retirement-funds-and-the-need-for-preparedness?t=91) Those are direct quotes.