hi, everyone welcome to on the money. how hackers are breaking bank security and what their next target could be. >> from holiday travel to heat in your home will you be paying more school just started but there's a big deadline looming what you should know about fasfa and why you shouldn't wait and the most expensive house for sale in the united states. why it might look familiar and it's linked to the beverly hill billys on the money starts right now. >> this is on the money. your money, your life, your

future now becky quick. criminals are hacking their way in andrea day has more. >> it's brazen it's in broad daylight in front of hundreds of people. >> take a close look at this atm attack caught on camera. the images obtained by the secret service and according to the agency the guys you see in uniforms are criminals grabbing loads of cash. what left this seasoned investigator stunned >> how normal it is and how common it was. >> we know for a fact that atm crime and fraud does cost the banking industry and service industry millions of dollars a

year no one really wants to talk about that they'd rather not have them think their atms aren't safe recent attacks cost banks more than 3.5 million in a few months but they're the beginning of a new wave heating up overseas. >> it's just a matter of time. >> he says the secret service has been investigating training camps located outside of the united states with kingpins organizing new recruits. >> are you saying they're bringing them in and training them and then letting them loose into the united states >> yes we went to toronto canada to meet with the special unit. >> we're in the business of hacking atms because our mission

is hacking anything to secure everything. >> he heads it up. the banks he says are so overwhelmed by attacks they're quitely coming to them for help. >> we're sitting at a 500% increase since last year >> henderson reveals an attack he thinks criminals could be fine tuning right now. >> does the hacker mastermind have to leave his commuter or touch this machine to make it work >> no, he can sit at home and send the street thug out to connect the money for him. >> david burn plays the role of the mastermind at some location. hacking into the bank's network. >> we intercept the traffic and response to the bank and change deny to approval. >> the bank won't see that you change the no to the yes and have gotten in. >> it's completely invisible.

>> the street thug can sit here and collect money after money until the atm is empty. >> you can lose tens of millions and hundreds of millions of dollars very quickly. >> what can the banks do now >> test the atm like a criminal would before a criminal has a chance to. >> for on the money, i'm andrea day. >> joining us now is the field chief technology officer at a data security and analytics firm thank you for being here. >> thank you so much. >> so the video is shocking. you see the thieves walking in in broad daylight and taking the money? what's the broader impact? >> banks are struggling with visibility and they're trying to make sure that they're protected. from a consumer standpoint they're protected and ensured and it's not like consumers are losing huge amounts of money for this. >> the banks will back it up but if the banks are vulnerable you wonder what is next? >> yeah. we're seeing banks are pretty

protected from an information and cyber security stand point but it's state and local governments and university and school districts that are going to hit hard. >> what are hackers looking for. you go to the banks because that's where the money is. >> because they can data and you can get them to pay you. it's partly because the organizations that have trouble keeping an eye on their data and keeping it protected they can't function look at the city of atlanta and the city of baltimore. >> so a school or a city get some database lock down. a criminal comes in and says we want a ransome. >> you can get paid anonymously. >> what are they doing >> they are putting in better protections with visibility. they're trying to make sure that they have access to what and when something weird happens, they can identify it quickly and hopefully respond to it but it's

hard. >> i can see if they don't have access to the databases but should i as a consumer and citizen be concerned because they have stolen my information that hasn't been kept safe what happens to it next? >> absolutely. as a citizen, visibility is everything too you want to reduce the uncertainty. everything is fine until it's not. keep an eye on your bank statements and your devices up to date. don't use the same password everywhere and keep an eye on things if you have visibility you're better protected all of the credit data was stolen they said at the time they'll

pay you $125. >> sure. we should be outraged. it's one thing if an organization or company leaks your data and you can say i'm not going to do business with them anymore but we don't have a choice we need to be demanding better protections. privacy and protections for our data is seen as a right and we need to demand more of that. >> even if you were part of that and your data is stolen maybe you haven't seen the repercussions yet. does that mean you won't see it at some point? >> you probably will just because you haven't seen it and you don't know that it's being misused doesn't mean it's not happening. >> what would be a tipoff? >> you should keep an eye on your credit and bank statements and the things that are valuable to you. >> what's the worst case scenario >> identity theft is a big

problem. money theft is a big problem one of the interesting things that we're facing now as consumers is where is all of our data where is all the information that we're giving to apps and websites it's important to ask anybody show me the data you have on me and delete it if i ask you to and only sell it if i give you permission too that's one of the basic privacy rights a lot of state governments are starting to put in place. >> thank you for joining us. it's good to see you up next for on the money, gas prices jumped at the pump after the recent saudi oil attacks but will the prices stay high and what else is seeing the heat and later, before you apply to college there's another application you should fill out first. what it is and how it could help pay next year's tuition bill right now let's have a look at how the stock market ended the week

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go to stamps.com/tv and never go to the post office again. gas prices have been rising and what about other energy cost as well? he's head of petroleum and analysis at gas buddy. thank you for being here good to see you. talk about it two weeks ago we saw prices at the pump spike as soon as that happened. do you think prices have peaked here

>> it looks like they have measuring this we saw our third largest increase in a single day in a national average in the last decade. that was very substantial and came very quickly. national average rose 13 cents a gallon now new issues have unfolded and motorists in certain areas of the country mainly the west coast are going to be seeing further increases not to do with the attacks but seasonality. >> is that a way of saying that your prices dropped down even if they have peaked any time soon >> that may start happening in some areas of the country. and the saudis don't keep to their time lines to restore production that could continue to impact oil in the weeks ahead. >> let's talk about other situations other places that you could see energy prices rise

do you expect that you'll see higher prices on that front as well does that matter >> well, certainly they'll be a little bit higher but a lot of it has less to do on attacks on saudi arabia and more on how it can be utilized by vessels so they're likely to be more expensive and we'll see more of an increase as we get closer to that date. >> we saw airline stocks plumet on the news of attacks on saudi arabia but thankfully a lot of the increase in the price has been back up for the time being. airlines take several months to react to changes in fuel prices

so the fact that the attacks are temporary will probably mean that most air travelers will not see any impact. >> saudi arabia is the world's second largest oil producer. how much has to do with the idea that the united states is now pumping so much oil itself >> there's a lot to be said that certainly the u.s. is helping to mitigate the attacks to some degree if this was 10 or 15 years ago it would have been a much bigger impact to gas prices so that's absolutely a major change >> patrick, thank you for your

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fortunately, senior personal finance correspondent sharon epperson is here and can explain all of this to us. you have to be thinking about next year right now. why is it so important why do we have to do it right away >> it's called the fasfa and it's important because it's a free application for federal student aid and you want any aid you can. it's important to look at this now. this is the form you need to get grants, loans, work study programs and in 2018 the government awarded $122 billion in these programs. nearly 13 million students took part in it 6,000 schools participated so if you want to get financial aids the best way to do it is to fill out this form and make sure that it's accurate and that you fill it out properly so that states,

colleges, as well as the federal government can use it to give you the aid that you need. >> is there anything to be said for first come first serve basis? does the money run out is there a reason i want to be there when they open the gates on october first >> you want to be there. it seems counter intuitive to fill out the form before your child knows where they want to apply but that's common practice you're the one that gets it and if they run out of money early you want to be first in line to get the money. >> that's good reasons what if you think you may not qualify for the aid? should you still go through the process of doing it. >> so many people think they're not going to qualify for aid aid is not just grants it's also work study and loans but it's important to understand what is counted when you fill it out and what is not counted. is it students assets are going to be assessed at much higher

value than your assets if you have money in a 5.9 plan in your name, that's going to be a favorable amount of money to go toward their education. >> do you have to put that money on the form if it's in your name and not theirs >> you have to have your assets. your retirement income is not counted, your house is not counted but your assets and banks and brokerage accounts is going to be counted. they're going to look at that money. the other key thing you need is your 2018 tax return the child goes to school but making sure that you understand how the parents assets are set versus students are key. and making sure when you fill out the form they're asking for information. make sure that the student puts their information in and you don't put yours in instead. >> all gooded advice

thank you very much. >> sure. >> up next on the money a look at the news for the week ahead and the french chateau with a hollywood history. the most expensive listing check it out so now you can eat tough food without worry. fixodent and forget it.

happy birthday disneyworld the orlando park opened 48 years ago. that's hard to believe on thursday, a look at the services sector with the ism non-manufacturing report and on friday how many jobs were gained or lost for the month of september and how many goods were imported or exported with the international trade report for the month of august. also be on the look out for deals on tacos friday is national taco day. yipee. are you in the market for a new home we did house hunting for you and found the most expensive listing in the america priced at $195 million it was once owned by the late billionaire that ran the univision television network but it was also the clampet residence in the beverly hill

billys >> back in 1986 the former univision chairman purchased the mansion and after a five year renovation transformed the interior into an authentic replicate of an 18th century french chateau he filled the home with rare european antiques and made some significant modern day additions. >> the grand ballroom is designed for entertaining and one of the special features of the property is that at the flick of a switch it becomes a theater. i'm not going to drop names but on this stage you would have a-list performers used to playing in arenas playing here for 100 guests. >> one level below is the massive wine cellar. >> it's completely climate controlled and could hold 12,000 bottles of wine. you heard me right

12,000 bottles he loved to entertain so he built this 40 car motor court and above it he built a beautiful rose garden. >> buried underneath the chateau are two tunnels original to the homes 1935 construction. >> and this particular tunnel takes you to the spectacular pool and pool house. pavarati that was a friend and frequent guest of the estate used to stay here often and he would come down to these tunnels and he would practice because the acoustics were so great. >> he added a giant's head to the mouth of one of the tunnels and while redwood trees are usually only found in northern california that didn't stop the tv titan from transplanting dozens of majestic sequoias in his own backyard.

>> i don't think there's anything like this in the country. >> talk about the billionaire bargains now back in 2017 when this was first listed it was listed for $350 million making it at that time the most expensive home for sale in america. today that $195 million ask means it's taken a price cut but you're saving $150 million. >> $195 million, what other houses have ever sold at a price range like that? >> it sounds crazy but a house nearby with a similar old french look just sold for $120 million. so it won't sell for 195 but maybe above 100 given that even though it seems outdated to us a similar house just sold for 120. some of these special properties especially with land like 10 acres can do well. >> who would your neighbors be. >> the neighbors used to be ronald reagan and nancy reagan

but he bought that property and now it's part of the driveway i think -- >> old house and it was torn down and became part of the property so that's what wealth can get you and cheryl teague still lives next door so you can be cheryl teague's neighbor. >> or they can buy that too and turn that into the next one. >> that can be the next tear down. >> thank you that's the show for today. i'm becky quick. thank you for joining us next week, the one big expense you may not have planned for when planning for retirement have a great weekend and we'll see you next weekend

happy friday everybody i'm melissa lee. time for options action. here's what's coming up on the big show. >> on the big show tonight. >> he unboxes a way to catch up to the surge in home builders stocks then. >> chip, chip, chip. >> chant as much as you want but dan nathan warns the semis aren't coming back any time soon. >> and. >> costco run huh? >> yeah. >> he says it's over the stock's next plot twist. it's time to risk less and make tire