This transcript is automatically generated
You're connected you're vulnerable.
And it she did shared many stories you're talking about that hot technology firms in the world being -- and the guys are good.
I've seen this problem now my grade in American industry from the CIO and the CTO.
Up to the top deck.
This is now a serious problem for CEOs.
And see -- -- lows China's carrying it out about ten times the scale of economic espionage because the whole rest of the world put together.
-- so this is a widespread pandemic.
And now home blast that we've seen worth seeing more than a hundred countries involved with this problem we've gone from the Cold War to -- war.
We're in this cyber war and we're losing.
This is like the wild wild -- is CEO digital tombstone.
So if you're a resident of -- down.
Right now this is on you to protect until the federal government can get something in place.
These guys are good and that is a quick recap of some of the views and our cyber threats series this week.
And now to our expert panel.
From Manchester, New Hampshire we have the director of the nonprofit US cyber consequences unit Scott Moore.
Here in studio we've got the CEO of white campus group and former navy seal John I -- Donna seat.
We've got the ball and CEO -- -- Iran and managing director of the Chertoff group and a former senior advisor to US Homeland Security Brian white.
Thanks for being with us gentlemen we'll start -- the guys -- -- first.
We -- from our series that clearly we are utterly un prepared as a country -- -- is this an industry.
What are we gonna do about it and start us off John I had a policy what should we do to fix it.
We need to take more pro active role I think in holding.
Nation states accountable and sending a message globally that.
This type of warfare is one not acceptable.
Into in -- some sort of consequences so I think identifying that this is no longer in the realm of you know something that people do for find it this is no longer a recreational activity -- serious business okay you -- what are we doing to fix this problem.
Well I think we have to out -- The bad guys.
We're not gonna win.
Simply buy more regulation.
And heavy handed government presents and in my opinion.
We've -- -- did she do well there's got to be a combination.
That's private industry failed us thus far given that we have the crisis going on right now.
Well I actually believe that for much of the last ten years we've been in a black hole of cyber security -- -- -- because so much of the -- focus and dollars have been.
Spent on regulatory compliance I can't tell you how many times in the last ten years.
I walked into a chief security officer chief information security officer and they -- -- -- -- -- I don't care how much more secure nation and that it doesn't get that check box with the auditors.
I can't spend any money on it for.
And like you worked inside government Homeland Security our business is spending too much time answering regulatory requirements and not enough time bullet proofing their systems know.
But what they are doing is they're finally stepping up to realize that they need to move forward and -- you put something in place they're looking to -- solutions announced that it just.
You know point products they realize that this is something that they need to be responsible for answer to their shareholders and series like this just make this more and more obvious that you need to take action.
Well Bob Scott or one probably been trying to figure out where responsibility lies we've got this kind of Bermuda Triangle -- got government.
Industry itself and the vendors that are shipping products without adequate protection whose responsibility is this Scott.
The main thing determining.
Our cyber security.
In every way is not actions and developments in cyber security -- is not the government.
-- -- onward rush of business development.
And I think it needs to be said the business hasn't been doing all that badly all day long different groups are trying to do terrible things to us.
And business is mostly been preventing it.
Businesses -- most -- been prevented it well that's an interesting point let's go back to John I have Donna C.
If this is the most would prevent preventing it why we had two dozen banks -- why did Jeep and mcdonalds get -- what's going on there.
But I don't think that this is something that you actually going to be able to prevent 100%.
You'll never make this airtight.
There will there will be people that allow is getting because after -- where people.
You're dealing with the issue that may have its manifestations.
In the digital space but this is inherently a human problem a -- The problem and seven just a all systems but would that a question from Twitter lets go and try that now all that put -- -- at Fox Business tax tags cyber threat let's.
Start with shiny side to says quote.
That congress will use of this cyber threat as an excuse to control and censor the Internet is a fair question -- -- panel for their thoughts and our former government guy Bryan white once you start on that.
I don't think that they would do that but I do you think what they're going to do is put some more information sharing protocols in place.
Most importantly provide some liability protection for the private sector to share information.
And then the debate will come in regards to standards are -- are we going to allow the government to regulate private industry and enforce standards around network security okay.
He lab we talked to a congressman who's leading the effort to pass a law been kind of controversial letting business -- share more information about a tax.
I'm surprised that we're not doing something to come up with some kind of way even -- -- incentivizing business to invest more all the wanted to share information sounds kind of ineffectual what -- set.
Well it has been ineffectual so far information sharing historically released -- -- of experience with the government has typically been a one way street.
It or referred to work I believe it has to be truly information -- -- doesn't have to come back from the government into the private sector.
But let's not the Scott Borg you know -- when this started with a whole pack of thing you know you got the guy in his boxer shorts -- his mom's basement.
But now it turns out the People's Liberation Army in China is doing thousands of attacks.
Should could should be -- tackle this problem -- -- -- counter attacking the Chinese is that when we should start.
Scott there would be great if we knew for sure when it was the Chinese it would be great if we could reach the people that are attacking us we can actually do either of those things.
If two particular taxes really.
Pretty much dropped off off the board.
Mean that's funny because we had an expert during her series -- -- -- -- they are counter attacking actors preemptively on behalf of some business clients -- get back part Twitter page and down.
Paul -- -- -- he asked source says proves that -- doing business online is utter lunacy.
Nothing is safe in this cyber world not even DO DO the biggest banks financials -- after our panelists on that any you know Brian it occurs to me that.
The government break in part of this is it is a rather.
Can persistent problem who was worse at protecting insist government or business.
I think it's they both have probably make tactical mistakes.
But you cannot just stop doing business online it's the way business is done what you need to do is protect the data.
And it's a data approach to security instead -- thinking that you're gonna lock down all your devices but protect what's most important.
-- a judge John I had -- It occurred to me that if there -- -- litigation.
Crisis going on if companies were getting sued for the violations that happen.
They might do a better job protecting agencies' violation of what -- set.
Well I'm not so much one that always -- to turn the litigation as a solution but I would say this I would say that.
If we are asking the government to work with business which is it.
Significant shift in the past couple years -- usually you have seen a division between government and business especially big business.
What we need to do is and you find common ground between the titans of industry in the cyber world IE Microsoft.
Apple Google much like we did with Carnegie in US steel in -- -- sector in with the government.
A reference okay we're gonna pause there -- so far no easy solutions -- -- gotta present harder Iraq's important panel just stick around.
Up next the cyber stop place to make you money let's see these guys are -- -- them.