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Former National Cybersecurity Center Director Rod Beckstrom on the new round of cyber attacks on banks and Obama's meeting with CEOs on cybersecurity.
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Wall Street Journal another big meeting that's taking place today if President Obama calling it a number of CE -- to the White House and they're gonna talk about the cyber threat.
And cyber security really dominated the senate Intel committees global threats hearing that took place yesterday on Capitol Hill.
Some of the vulnerabilities that are adversaries are taking advantage of whether they be states but -- -- have to disorganized criminal groups.
Vulnerabilities exist that we need -- for us.
Would you characterize this cyber threat is accelerating.
Absolutely.
We also have -- chase banks reported a denial of service attack on its web side this after the road cyber group.
-- -- some about another round of attacks against US financial institutions what's kind of become the groups calling -- so with us now to talk more about all of this.
Former director of the national cyber security senator and former CEO and I can.
Rod extra -- on the telephone.
With the for the banks if we can start their -- the types of businesses that are just most at risk and all of us.
Yeah okay to -- the financial services it's -- have been targeted particularly large US bank.
And we saw that with the chase and -- tough to connect the dots of exactly what's going ought to be doing enough to prepare the banks and then I wanna talk -- Generally about what government is doing this big meeting that's taking place today.
-- -- -- the banks have been hit so hard repeatedly.
Over the past year.
Debt -- every major bank in the US and most of major banks the world are are -- are working on these issues.
It's really thought maybe these recent -- -- -- new technology needed.
Even more earnest as than than previously -- Such as what's -- latest what's the difference that you've been seeing over the last cover many weeks or months.
Sure they get interrupted activities.
Quote -- -- an army radio under the -- -- -- corrupted personal computers think these attacks are coming out -- buyout -- -- about what you're seeing these enormous network servers.
It an actor actually coming out of while.
Group rocket web site that are being -- with an -- out.
And so is the -- power of the attack Gary very expected very typical did and again.
And that's the other side of the advantages that we talk about all the time the so called cloud computing -- this meeting at the White House today -- the president's numbers CEOs in the talk about the issue.
The balance that everybody keeps talking about are arguing about is how much of a role will government have in mandating what these companies have to -- another company's six censored to some extent about.
The expense are we anywhere close to finding that balance and -- so what do you think it'll look like.
Yet -- it is I got an.
That that they probably don't wanna be over regulated right on the other hand they want government to -- worked out all the that may allow them to take.
You know -- in back into the -- It's not like they're not taking it serious right did you -- did you ever see well I yet to convince -- CEO say the tape.
It's worth spending the money on don't -- people realize it now.
You know what the bank base NATO experienced because they're currently under -- first 70% of the DO that -- -- fortune 500 company they don't get it.
They don't realize from our lives they are coming out there intellectual property is being taken according to recent surveys so what -- I think probably.
What are they -- -- about what should they know that they don't know those people that don't -- a -- get it.
They don't know that they effort very dirty and their network they you know a lot of -- -- -- -- that there are various state of denial.
They unit because they're not that Brooke that it is expected eighty attack is bigger disruption act harder but -- -- that they and other web site.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Contract is harder to be it and I -- -- entity and in I don't think that the wanna be paying.
And -- I think the BO don't realize that going on there in denial.
It's interesting because the government obviously does realize or does think this is very important because it dominated that threats assessment hearing yesterday.
You know over things like keep another talked about.
North Korea and Iran and the other things you think would be talked about and hearing like this cyber security was topic number one -- -- always good to have you on lobby on against him very good stuff.
