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Energy department hit by hackers

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  • Description

    Adrian Hong weighs in on the growing threat of cyber attacks

  • Duration 1:56
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This transcript is automatically generated

My lord.

I mean I think I'm grateful that secretary Panetta -- -- talking about it is an issue at all the government has always behind.

We've behind the curve on anything any issue and on cyber it's very very far behind that -- -- cyber command.

And others have said that we need to catch up big time to be able to protect against threats to America and -- in depth of a data because they're two different issues in this past week.

The issue of the New York Times Washington Post Wall Street Journal -- the people word you know breaking into their systems and trying to trying to change the way they operate as they were trying to steal information.

And one -- that really hasn't touched upon of the and the reason why it's valuable for for China this -- reporters information is not because they want.

Chains or Twitter accounts and chains are posting is because they wanna see who they talked to and who their sources -- which directly.

-- -- ramifications for their dissidents for government informants for people in China they're speaking with they're now in danger because of watching this.

And frankly one thing that's also not addresses.

It's not like a mission possible we're someone's breaking -- an -- and plugging in the USB -- and harnesses.

A lot of the Texaco what's called spear Phishing attacks which is when you get an email you know someone named named Bob in the Beijing bureau in the title it from Bob hey please -- attachment.

And then someone someone somewhere opened that and that's how it all starts -- so frankly it is a big wake up call for consumers and reporters diplomats.

Government officials to -- a little bit more closer attention highly.

Handle their digital -- circuit is -- behind the purple -- this is an issue money.

No I think estimates have been up -- of 500 billion dollars an economic losses from the United States because attorneys back.

So this is -- and there's doing formulas prototype blueprints of you know.

Secret numbers the government that companies are not -- to the public.

And it's lucrative for them to do this and makes a lot of sense it's in -- national interest and there haven't been penalties for what has there been a real penalty out -- of the Google China stat that really didn't change anything.

-- -- All right Adrian Hong managing director Pegasus strategies -- -- see -- thanks for being with us thank you.

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