A CYBERATTACK DISRUPTING MAJOR
U.S. NEWSPAPERS OVER THE
WEEKEND.
THE TARGET IN THESE ATTACKS
TRIBUNE PUBLISHING PARENT BEHIND
PAPERS INCLUDING CHICAGO
TRIBUNE, BALTIMORE SUN AND NEW
YORK "DAILY NEWS" COMPANY WAS
ABLE TO FIND A WORK AROUND AND
PAPER DELIVERY IS PLANNED TO BE
BACK TO NORMAL TODAY.
BUT WHAT TO MAKE OF THIS?
WHAT ARE THE GREATER
IMPLICATIONS JOINING ME NOW HOT
SHOT FIELD ROBERT GOOD TO SEE
YOU WHAT DO YOU MAKE OF THIS
ATTACK AND DISEASE IT LOOK LIKE
SYMPATHETIC WE'VE SEEN BEFORE?
>> SO THIS IS --
WHAT IS REPORTED IS RAN
ARESOMEWARE AND HISTORICALLY
HOLDS DATA FOR RANSOM AND MAKES,
YOU KNOW, VICTIM PAY TO GET
THEIR DATA BACK.
IN THIS CASE IT SEEMS THAT THEY
ARE ATTACKING ESSENTIALLY YOU
KNOW THE INFRASTRUCTURE OF
THE --
NETWORK OF THE PUBLISHER TO HOLD
THEIR PROCESSES AND SYSTEMS
HOSTAGE SO THEY CAN'T PRINT OR
ADD CERTAIN FUNCTIONS AND
SYSTEMS, AND THAT WAY THEY WILL
CHARGE THEM RANSOM SO THEY CAN
GO BACK ONLINE AND THEY SEE IT
IS A HIGH VALUE TARGET.
>> ROBERT.
GOOD MORNING, WHAT DO BUSINESSES
DO TO SORT OF PREVENT THIS
BECAUSE IT SEEMS TO ME THIS IS
NOT A NEW PHENOMENON BUT
BUSINESSES ARE STILL UNDERS
INVESTED IN TERMS OF BEING
PREVENTIVE RATHER THAN TRAINING
EMPLOYEE OR THE LIKE PREVENTING
TO NOT LET THIS HAPPEN TO THEM.
PFNLG YEAH.
SO TWO THINGS BEGINNING ON HERE.
THERE'S A PREVENTIVE PART IT A
SECOND BUT THEY HAVE REDUNDANT
SYSTEMS AND SHOULD HAVE SYSTEMS
THAT WILL ALLOW THEM TO GO BACK
ONIS LINE PRETTY QUICKLY BY
ESSENTIALLY FLIPPING A SWITCH.
OTHERWISE PROACTIVELY YOU KNOW
THERE'S ALL KINDS OF HARDWARE
SECURITY AND TRAINING ANTIVIRUS
AND SPYWARE AND HAVING A VIRTUAL
PRIVATE TO WI-FI NETWORKS THAT
IS ENVIRONMENTAL STUFF BUT THE
HOW THEY GET PAID THEY FIND
THEIR WAY IN IF YOU DON'T HAVE
DEFENSES UP 24/7.
>> HEY, ROBERT, IT SEEMS LIKE,
YOU KNOW, THESE ATTACKS ARE ET
GEEING MORE PRIEF LENT AND
SOPHISTICATED WE HAVE A
ELECTRONIC SHOW COMING UP IN
VEGAS THIS COMING WEEK EVERYONE
IS EXCITED ABOUT IT AND HEAR ALL
ABOUT INTERNET OF THINGS.
ARE ARE ALL OF THESE DEVICE THAT
ARE GOING TO HAVE SOME SORT OF
CONNECTION ARE THESE ESPECIALLY
VOL NECIAL WHAT ARE COMPANIES
DOING TO PROTECT CONSUMERS AND
USERS OF THESE DEVISES?
>> YEAH THESE DEVICES WE CALL
THEM END POINTS RIGHT AND END
POINT IS IOT CAMERA IT COULD BE
PRINTER IF THOSE AREN'T PROPERLY
SECURED THAT'S THE BACK DOOR
EASIER PATH OF LEAST RESISTANCE
TO GET IN QUICK TO GET HARDWARE
OUT AND DON'T NECESSARILY THINK
ABOUT APPLICATION SECURITY
PROCESS AND SO IT IS ONLY
DISCOVERED AS IT IS A FLAW AND
VULNERABLE SO THEY PATCH IS SO
CONSUMERS, BUSINESSES THEY
SHOULD DO WHAT THEY CAN TO
UPDATE THEIR FIRMWARE AND UPDATE
SOFTWARE MAKING SURE THEY'RE
PROACTIVE REGARDING ALL OF THEIR
DEVICES SECURITY.
>> I WANT TO MOVE ON TO THIS
STIR A NEW PRIVACY WORRY WE'RE
TALKING ABOUT CONSUMERS, THERE'S
A NEW REPORT FROM PRIVACY
INTERNATIONAL SITED BY FINANCIAL
TIMES SAYING AT LEAST 20 OUT OF
THE 34 POPULAR ANDROID APPS
INCLUDING KAYAK, SKY SCANNER
TRIP ADVISOR AND MY FITNESS PAL
ARE ARE SHARING DATA WITH
FACEBOOK WITHOUT CONSUMER CON
SENT SO IT WASN'T JUST FACEBOOK.
JUST OPENING THE DOOR TO AT
DEVELOPERS WITH OUR DATA WHICH
WAS REALLY THE CAMBRIDGE
ANALYTICA SCANDAL BUT ALSO
MOVING IN THE OTHER DIRECTION
FACEBOOK STOCK LOST ABOUT A
QUARTER OF HIS VALUE IN THE
LAST --
THIS YEAR.
ROBERT YOUR REACTION TO THIS?
WHAT DOES IT STOP?
>> YOU KNOW IT IS NOT GONG TO
STOP SO YOU HAVE A FITNESS
TRACKER AND OUT CONNECTED RIGHT
IT IS NOT GOING TO STOP.
THEY'RE GOING IT ALWAYS FIND A
WAY TO MONETIZE DATA AND YEAH
YOU KNOW YOU HAVE ALL TYPES OF,
YOU KNOW, LAWS IN PLACE.
EUROPEAN, AMERICAN, THAT IS
DESIGNED TO PREVENT IT.
BUT THEY'RE STILL BEGINNING TO
DO IT IN A WAY SHAPE OR FORM AND
APOLOGIZE ITER LA AND IN THE END
YOU KNOW THEY'RE GETTING FADE SO
WHY NOT?
THE --
THE HERE YOU HAVE A FITNESS
TRACKER THAT YOU HAVE CONNECTED
TO YOUR PHONE AND YOU'LL ALLOW
FACEBOOK TO ACCESS DATA IN SOME
WAY BECAUSE YOU MIGHT HAVE
AGREED TO IT AND THAT'S SENDING
YOU KNOW YOUR HEART RATE MAYBE,
YOUR LOCATION DATA, YOUR PULSE
WHETHER YOU HAVE HIGH BLOOD
PRESSURE DO YOU WANT FACEBOOK
KNOWING THAT AND ADVERTISERS AND
MARKETING KNOWING THAT AND A DO
YOU WANT INSURANCE COMPANIES
KNOWING THAT SO UP TO YOU TO
DISCONNECT AND NOT ALLOW THAT
HAD TO HAPPEN.
>> GIVEN THE FACT THAT THESE
SOCIAL MEDIA COMPANIES ARE RGT
TAY OF WASHINGTON, KIND OF
FINALLY IN LAST YEAR, TO SOME
COMEDIC EFFECT IN SOME OF THESE
HEARINGS WHAT HAPPENS IN THE NEW
YEAR?
BECAUSE AGAIN THAT IS ONE OF THE
MAJOR QUESTIONS FOR --
TECHNOLOGY INVESTORS,
REGULATION --
>> WE HAVEN'T ACTUALLY SEEN AS A
MUCH OF EXPOSURE OF TECH
COMPANIES TO CAPITOL HILL AS I
THINK WE WILL IN COMING YEAR
BECAUSE DEMOCRATS NOW HAVE THOSE
JUICED UP OVERSIGHT
RESPONSIBILITIES TAKING OVER A
CHAMBER OF CONGRESS.
I THINK WE WILL CERTAINLY SEE A
LOT OF THIS DIRECTED AT TECH BUT
AS WE JUST SAW THIS IS NOT
SIMPLY A TECH PROBLEM BUT
FACEBOOK TAKE THE LOAD OF THE
KRIT ARE SCHISM ON THESE DATA
PROTECTION CONCERNS AS IT SHOULD
BECAUSE IT DOESN'T DO ENOUGH TO
PROTECT OUR DATA BUT LISTEN ALL
OF THESE COMPANIES ARE PROFITING
ON DATA AS WELL THIS IS NO
LONGER JUST A TECH COMPANY
PROBLEM.
IT IS A WHOLESALE CONSUMER
PROBLEM BECAUSE EVERY COMPANY
COLLECTS DATA ON YOU WE FORGET
IT IS NOT JUST ABOUT COMPANIES
AMASSING CONSUMER BUS WHAT THEY
DO WITH THAT CONSUMER DATA SO
THIS NEEDS IT BE A LONG-TERM
GOAL OF REGULATOR AND I'M NOT
SOMEONE WHO THINKS WE NEED TO
GET THEM TO STEP IN RIGHT AWAY
BUT I THINK IFS THERE'S
OVERSIGHT OF COMPANIES, IT NEEDS
TO BE THAT FOCUS ON DATA,
SECURING DATA FOR CONSUMERS,
INSTEAD OF SAYING THAT ONE
COMPANY IS AT FAULT HERE.
>> ROBERT A FINAL WORD TO YOU
BECAUSE I BOUGHT MY MOTHER A
KINDLE, FOR THE HOLIDAYS WHEN
WENT TO SET IT UP ONE OF THE
FIRST THINGS THAT DEVICE ASK IS
WOULD YOU LIKE TO CONNECT TO
YOUR POUK ACCOUNT AND ANSWER OF
COURSE NO SO ULTIMATELY UP TO
CONSUMER TO DO SOMETHING ABOUT
THIS LIKE YOU YOU SAID.
>> UNFORTUNATELY PUBLIC THEY SEE
THESE FREE SERVICES AND WITH IT
THEY DON'T REALIZE THEY ARE THE
PRODUCT.
AND THEY ARE WHAT IS FOR SALE
AND UNTIL YOU AS A CONSUMER
RECOGNIZE THAT, YOU'RE GOING TO
KEEP FREELY SHARING DATA
ULTIMATELY BIT BY BIG COMPANIES.