The adolescent minds that engage in "exploits" wouldn't know COBOL if a 
printout fell out a window and onto their heads.  I'm sure you can write COBOL 
programs that crash, but it must be hard to make them take control of the 
operating system.  COBOL programs are heavy into unit record equipment (cards, 
line printers), tape files, disk files, sorts, merges, report writing -- all 
the stuff that came down to 1959-model mainframes from tabulating equipment.  
They don't do Internet.  What they could do and have done is incorporate 
malicious code that exploits rounding error such that many fractional pennies 
end up in a conniving programmer's bank account.
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