I am a person who specializes in cloud native infrastructure, not a COBOL programmer, but if you're like "lol why don't banks and governments migrate to modern systems?!" I have some news for you about the security of bleeding edge systems
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As far as I can tell, any idea that all that big iron stuff is "secure" is a bunch of wishful thinking. Nobody is auditing those systems from the POV of modern exploitation because they're so niche and proprietary, so nobody is pumping out the CVEs. It's security by obscurity.
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Security thru obscurity might be a fair assessment. I don't trust software design for big iron to be secure, but I had read a whitepaper ages ago describing how AS/400 was designed for extremely high reliability and to discourage low-level side-channel attacks. Can't find it now
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