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McAfee Co-President Mike DeCesare on the major cyber security risks to watch for this year.
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-- -- thank you let's move on government officials are blaming Iran for a series of recent bank tax now no bank accounts were breached and no customers money was taken -- their actions are still dangerous.
I say that could be is released their cyber threat predictions for the new year not only do hackers have banks on high alert but there are new threats coming -- here.
That you hilly need to be aware of -- -- -- Fox Business exclusive his.
-- -- -- That he's co president and Michael it's great to have you with us so.
The headline here is that you guys according your -- -- your research are zeroing in.
I'm attacks to mobile devices tell me about that.
Yes so we're seeing quite an increase in the malware of the attacks that we see out there on the mobile platforms.
-- -- -- -- a couple different flavors I mean first and foremost is you know individuals are doing.
-- -- -- things on their phones these days that are that are that are more confidential information -- becomes a source the bad guys.
-- the other thing is it's big for profit you know there's an area out there called -- where where.
You know that the hackers will take over your phone -- -- -- device and -- for a sum of money you can basically buy your device back so.
There's big money -- and that's when the -- guys tend to follow that.
Michael -- all week keeping up with the bad guys is seems to me that so once we kind of figure out one type of attack if you like coal whatever it is -- -- They come up with a novel and it's very difficult to get ahead of them is -- that case.
It's it's it's it's definitely a great question for -- the bad guys are well funded it's no longer -- A couple of kids in the university trying to break into some organization it's it's organized it's structured.
-- there's a lot of resources that go behind it and that's why we're so excited about the value proposition between Mac Phoebe you know owned by Intel.
We get a chance to really take a look at even -- on the marriage of the chips that are on those machines with with software.
We think he gives us a reasonable chance to keep an -- -- the bad guys but it's definitely good question.
Yet certainly not college kids and government officials are now blaming Iran for a series at.
Tax on banks.
Recent example of state sponsored attacks once again from Iran so.
How serious is that and you know could these results in CK -- serious harm.
Yeah I know it's a great question again I mean it is ironic comes from all over the globe there's other countries as well.
It attacks on critical infrastructure those targeted tax those are things that we're all very concerned about and as you said they can be state sponsored they can be organized crime that the that the common denominator there is that they are very well staffed and very well funded.
And all the critical infrastructure that we tend to depend on whether it's banking -- oil and gas transportation.
So lot of effort going in to try and make sure that we keep those -- those resources secure.
-- you mentioned banking Michael I think my biggest fear and probably many people's as you know especially in this age of the cloud computing.
How easy it is and I'm trying to communicate with my bank cannot go out my bank -- -- out there.
How easy is it for these hackers to just kinda jump in there and wipe out the account content to -- in your account all ten dollars.
-- think if you could.
But you know at absolutely I mean obviously you know you out.
You might have a -- -- -- home when you have a certain level of security but when you move your money into a bank you expect a higher level of security.
The same thing goes for cloud based applications when we all keep our information in one place.
That becomes a target for the bad guys and -- clearly from a banking perspective it's not you know we're seeing an increase in the number of tax.
We'll -- -- were also seen the major banks up hairdo and everything in their power trying to keep up would that make sure that we keep our money safe as well.
And Microsoft's got to be held at your findings -- that windows eight will be the next big target everybody's.
At at sometime is use this software.
Well or will -- -- -- -- -- Thank you -- Microsoft has done a lot in their current product trying to make even more secure than its previous versions but the reality is is when a lot of people use one product.
And the bad guys only have one hacked to write to be able to to affect anybody who has not product.
Production so there's no doubt that we have seen increase towards Microsoft on that platform and and again.
It's it's no I don't common with -- any place where a lot of people use the same product.
Yeah I guess it's just the fact -- like these days Michael disease -- thank you so much McAfee co president thanks for joining us.
Yeah we appreciate -- thanks.
