Fed chairman fears banks 'losing ability to track payments' after cyber attack is his 'main concern'. If only there were a way to keep track of payments on some sort of a ledger...

Tldr: When probed if he expected the current economic downturn to mirror anything like the 2008 financial crisis, Powell said that the chances are "very low." Instead, Powell mentioned "cyber risk" being the main concern, citing examples of large firms losing the ability to track payments its disbursing. "We spend so much time and energy and money guarding against these things. There are cyber-attacks every day on all major institutions now," he told "60 Minutes." "That's a big part of the threat picture in today's world."

CNN : Federal Reserve chair tells '60 Minutes' that US economy is at an 'inflection point'. http://rss.cnn.com/~r/rss/cnn_topstories/~3/5Wf8uv0QD-U/index.html

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