Also in this playlist...
This transcript is automatically generated
I every when I'm Diana say welcome back to foxnews.com -- business hour.
-- shipped over to his story now about a small firm that was hit by -- hacking attack in putting a face.
On this problem that's been affecting some pretty big companies -- are gonna bring in judge -- senior editor for politics at foxnews.com.
Just talking about what happened -- this company and how to start changing the way we're looking at beef -- issues.
Jerry and good to see then I -- It has been a while you know kind of instinct thing here is you know this weekend for several weeks so this week especially of -- look at that.
The issue of cyber security and cyber hacking because of this Manny and report earlier this week that talked about how this is really kind of a national and growing.
Economic problem and you know we reached out we really wanted to try to find a company that to really put a face on this problem and the instinct thing is -- a lot of companies it's having to so many people.
And so many firms but a lot of companies still won't you know they don't wanna talk about that they'll want -- reveal their names because it's kind of like -- -- age.
You know they don't want their potential clients knowing that they've been actor have the -- be hacked.
But we found one it's it's kind of the rare case of a company that's I've gone public.
With accusations in this case that China hacked them.
And -- -- and went to court over it now it it started a few years back and its accompanying California.
Called solid token there just a software company small eight person company.
And three or four years ago they notice there -- parental filtering software.
-- had been hacked the main discover they claim that Chinese hackers from behind it.
And ended up taking their information taken -- -- -- and internal sensitive software data.
And selling its other US company -- they started to see a hidden her sales.
-- and their business and they don't.
They decided to go public with this which again is rather rare -- companies don't wanna admit they have a problem admit they've been hacked.
And that's really when the trouble started as it was bad enough that they got hacked and started it was business.
But they went public and for about three years they were kind of the victims of cyber terror if you will from these original hackers.
It would probably court but in that period.
They continue to be hacked they had their email and web server shut down.
The hackers would turn on their their webcams and begin to spy on employees of the company.
And take more sensitive files from them and this went on throughout the the court proceedings.
And if there's -- it just ended -- last year with at 2.2 billion dollar judgment in their favor.
Which is and they say it's unprecedented that you know they've actually seen a case resolved like this.
But again it's unclear whether or not direction -- CNET mind.
And -- how worries them is this bandy -- report that came out -- an attacking that hundreds.
Of companies that have been targeted in some pretty -- this sites there.
I mean for some of these companies have been victimized is probably nothing -- didn't are -- now.
But for those of us you know we in the media are probably among them -- didn't quite realize the extent of the problem.
I was rather shocking as -- report for those who haven't seen it it was released early this week by a private firm out of Alexander Virginia.
And it found that something like any.
More than 940 and -- and you might even know better than me 140 or so US companies had been hit over a period of years and by what is suppose we're already -- -- All right nailed it yeah.
FBI and espionage unit out of or cyber hacking unit tied to the Chinese military out of Shanghai.
And over a period of years which is kind of wage in this campaign over time going into all these companies.
And it really shined a spotlight on how big of a problem it is -- -- you know in Washington to it's it's drawn a lot of attention to it.
For an administration from various agencies and from lawmakers who say you know this is kind of escalating to a point where you know something's gotta be done.
Fun if -- added -- company that we're talking about nothing you know in military related sites some that control our energy grids and so on and of course China says.
And we didn't do we have nothing to do this but -- -- that is what the evidence seems to be pointing toward now.
All that being said what's being done about this on the legislative side and -- -- companies do to try to defend themselves in the meantime.
Right well for companies we actually talked to one companies -- -- that.
Kind of sprouted up and there are some companies now that will help other companies recover from a situation like this and I'm sure for them all a lot of it is prevention you know make sure you have passwords that are you know protected enough but on the government and there is an administration effort this week which -- saying isn't completely tied to what was going -- this -- -- report.
But they're talking about you know stepping up diplomatic efforts and and building and very big strong federal legal cases to act act as kind of a deterrent.
A lot of the stuff was also going on before so it's kind of a continuation or maybe an escalation of current policy.
But there are other things that some lawmakers and think tankers are considering or suggesting doing I mean.
01 proposal is you know you really get tough kind of what you do with Iran or Syria which is a much more serious situation.
We start pulling pieces of of certain officials that if you wanna punish that country -- what's going on in the cyber world.
Or you start blacklisting companies -- -- kind of thing and I think Dianne Feinstein in the senate has called for other measures to.
You know international agreements since it's really kind of a whole new world and and watched and is just now trying to figure out.
What to do about it on the world and they are right that's.
-- Berger -- from our DC bureau there foxnews.com.
We appreciated Judd and I.
Filter by section