Re: "With cloud computing, hackers have so many more points of entry"
Generally speaking I agree with the above; meatsacks, in one way or another, offer the easiest way in.
Look at that large attack on Sage recently. Although not sure how that ended up (or even if it has been announced) that smacked of an inside job with the arrest at Heathrow etc. With the Tesco bank (also based in Newcastle?) I speculated that an insider had been conned into doing something small and not realised the scale of the impact it could have. That was based on absolutely no knowledge whatsoever of banking security other than the POV of a consumer.
Then I read this article and thought what a piss weak login system for a brand new bank with no legacy code to accommodate.