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Very much we'll Citigroup this is look this is not the first one Google's Gmail that was -- -- in China's Sony.
A playstations Lockheed -- some -- reason victims of hacking how vulnerable are these major companies Christopher from the CEO president of secure and thousands that seems to be.
Open season for these hackers but why are they going after these larger.
Firms especially when they're not taking the -- you think that they want.
A Social Security number.
-- date of birth things that you would need to actually attack -- customer from a financial perspective why aren't they doing that.
What was -- we don't know what they're real motives are what they're actually trying to get to cities reported what they what they were able to move to.
To get to in the breach.
We are reasonably that people -- -- getting data.
And information that -- will advance their cause whether it's a financial motive or -- -- espionage motive the goal is to try to get to.
Critical information and leverage that to to their advantage.
But ended up but the -- of these attacks have changed in and try to give an example Verizon did a very interesting.
Piece of does -- a survey there were 760 breaches in 2010.
There was a 142000.
And it's -- matter breaches has gone up but the data that they got access to actually deep curry missed.
So it seems that there's a -- the -- of attacks but again they're not going after the dated that they need so at the end should companies really be that worries -- About these bridges.
I think they should be very worried about these breaches and then again the bit sick cat and mouse game as the bad guys get smarter the good guys have to be faster and smarter.
And it is a it is a a race to be ahead of the game.
It takes a lot of diligence a lot of persistence to to stay ahead of the game and it's important -- corporate America and our government.
Continue to put a lot of emphasis on this to ensure that we don't.
Have the bad guys exploit our our weaknesses -- attempted to achieve a financial motive or to achieve and espionage -- OK lots -- guys out there Dave Fleischer prepared capital there's a lot of security companies.
That are paid to protect major US corporations I'm wondering at this is going to be a -- for somebody like Symantec like the Mac -- -- -- checkpoint.
Who profits and you can go and -- -- companies and they have -- you've been hacked over no work.
Where the companies they can help you now.
-- that the beauty of an open market right of free market enables people to find -- problem.
Deliver a solution and hopefully and hopefully profit from -- so this is clearly one of those examples.
Where you -- women out of lemonade.
And that -- -- or make lemonade that women.
When you take a look at you know really the impact.
Of this type of crime.
It's also a crisis of confidence and that's one of the largest -- -- financial institutions need to protect against this is that is the confidence that they have against institutions and business.
Adam still America coming out actually mentioned in the report as saying that these major banks financial decisions -- and another.
I think for the financial companies to have to deal well now you're gonna have to be more careful about.
But security issues and then more and.
Perhaps they should be in this is a great question perhaps because of what chairman Bair has done for our guest five years ago -- -- a story about hackers and security at that time.
It's pretty expert said to me that.
When you cited some sites you have to do that weird code word that doesn't make any sense in that changes every time you try to get and why don't the financial institutions do that I was always told that's a layer of security that they should be doing.
And yet I'm thinking of my financial institutions not one of them requires that.
Well I think they're different methods of authentication if you look at what the it was an additional -- layer of of security and authentication.
The bottom line is the attackers are very persistent they're very highly motivated there well resource.
And no matter what method of defense you use -- so vulnerable so the level of of diligence and and care.
That companies need to take his his they've got to be on their game.
And that and that it is an ever changing threat landscape.
So it's critical -- those companies continue to to stay ahead it's also important constantly challenge your your security posture.
By hiring people to come in and try to attack you.
-- good guys to attack under an ethical hacking program to determine where your week before the bad guys find.
-- Christopher -- secure and -- CEO and president Christopher thank you very much across real looking at.
These big names -- throughout the days they trade again and I.
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