The bottom line is that we need to harden up our defences more and more. We may even have to disconnect essential financial infrastructure from the internet and bring it back onto a completely private network that it costs a substantial amount of money to join and be authenticated to. It should come with the proviso that any device connecting to it, could also not be connected to the internet or an unknown intranet device at the same time. This would not be bulletproof, but it would substantially reduce the risk.
Is this really "News that matters"?
Seriously?????
At what point does the punishment no longer fit the crime? Sure, confiscate all the profits, bankrupt them, take all their assets and lock them up for a couple of years. But 30-40 years? For real? Why not just send them to Mars or something? Locking them up for 5 years without access to computers would ensure that when they get out their hacking skills would be so redundant they could never do it again.
Isn't the justice system supposed to be about a balance between punishment and reformation - not about revenge?
8 Catfish = 1 Octo-puss