So what’s the defense of a portfolio of stocks and cash at an upper mid level bank and Vanguard?
Two competing security ideas:
- Security through obscurity, you don’t publish what you use and have proprietary systems & software
- Security through transparency, open source has a million eyes scrutinizing for security bugs
A combination of both is probably best. The initiative being referenced above is about what is transparent, the open-source world. That it’s being taken seriously and being proactively addressed is good to hear, hopefully the technology that can find vulnerabilities is first successful in helping plug them before they can be exploited.