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Act regions -- the latest bank to be hit by a cyber attack led by this radicals cyber terrorist group.
It's a third such attack this week -- the big question why are these banks sold vulnerable to these types of attacks.
We're gonna find out the answer that -- -- founder and chief technology officer of cyber security solution -- so its source higher.
-- we went all don't let it get you back -- you were so great the last time you were here.
-- -- -- been asking these banks know these attacks are coming how come they don't protect themselves from it.
Well you know they have infrastructure in place they have tools in place that are designed to help them mitigate these attacks to stop them.
But unfortunately the structure of the attacks themselves.
They aren't known specifically ahead of time and that means the attacks have to.
Go in progress before they can start bringing their -- to there to stop them so -- very nature of the way the -- networks allows these attacks to be launched.
And then once you see you -- they look like you can start trying to control them.
Let's get out of any industry the financial industry probably spends more money on the Internet security then than any other amount -- clearly they just -- -- So is you know.
Taking this a step further seems to me that will always playing catch up with these Packers will always reacting rather than being proactive.
Well it is a an arms race as we say and we see.
This this happening when we see the attackers coming up of new attack methods -- defenders coming up with new defenses.
And did defenses to evolve rapidly -- the attackers you know they conceded offenses that are out there in the defenders problem is.
They have to protect everything in the attackers only have to find one thing so.
The bad guys do have the initiative and they have it pretty consistently.
But the last century you're here youthful actually we were in the middle -- -- -- full blown cyber war.
Right and if that's the case then aren't government should be protecting us from this side what this might be the only time -- -- got that I would.
That there should be government intervention right so -- permanent government hasn't come down.
And helps these smaller banks could get -- they can't afford to protect themselves.
Yeah I think we have to deal circumspect about -- what the government can do once again because.
These attacks are taking advantage of the very nature of the Internet how.
Web servers work and how Internet traffic works it becomes very difficult to say that you know can the government shut these things down while.
This traffic was completely legitimate and tell you see what's deep inside of it it actually.
Gets to a point where it's doing damage before you can even -- in the government has the same tools available to it.
That the private sector doesn't many cases for these types of attacks.
And the banks do spend.
A lot of money -- security.
What we're seeing is that even in the face of these these denial service attacks that are being -- -- these banks.
As we progress the banks are getting more successful in protecting themselves even over the last couple of weeks -- -- -- the progression of measure countermeasure.
Almost spy vs spy with the the attackers.
Washing their chills in the defenders improving.
Mother and about thirty seconds here these types of attacks rock often used as a cub so that these they wouldn't get in and steal your money in your personal information -- giving a sense -- this latest round could be one of those.
We haven't gotten that sense the information that I have.
Really shows this to be more like activism where we have.
Attackers -- are just trying to send a message a political message in a lot of cases.
And there don't seem to be follow on -- behind it seems like.
I'm from the information that we've -- getting it seems like these attacks are clearly out there to -- to waive this this flag.
That these guys are -- interest in getting attention for.
Yes -- let's little kids Martin will bash all the way from London thanks for being with us.
Well in front of thanks -- actually appreciate it Charles canyon incident earlier much to Martin's point the more we talk about more than -- attention they're looking construed you know.
But the fact remains -- -- achieving what they say they and achieve yes that's the most.
Aggravating thing about a.
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