tv Your Money CNN April 12, 2014 11:00am-11:31am PDT
11:00 am
there is no place to hide. wherever you go, someone is watching, waiting and trying to steal your personal information. i'm christine romans. this is "your money." from the soda machine at work to the ticket machine at the train, to a phone charges kiosk at the airport, hackers are lurking everywhere and you are their prey. this week we learned about the heart bleed bug. the worst security hole the internet has seen. a fatal flaw in software that was supposed to keep your passwords, bank information and other personal data safe. the websites you trust, the websites you use every day, are racing to upload a fix. but the heartbleed bug existed two years and giving hackers plenty of time to take advantage. that's the latest terrifying headline. last year, a record number reported. up 62% from 2012.
11:01 am
8 of those breaches exposed more than 10 million identities each. brian krebbs spends his time hacking the hackers, and shining a light on the darkest corners of the internet. he's the cyber security blogger who discovered the breach at target and is so despised and kind of admired by hackers they've sent him heroin, eve an s.w.a.t. team to his house. sony might turn his story into a movie this week i sat down with krebbs in his home in virginia. used to be drug cartels were the bad guys. now a new prize -- you. am i the new ill lucid thing traded? >> sure. are you the new target of ocean's 11? >> want to knock over a casino. >> three casinos. >> you've got to be nuts. >> exactly. >> yeah. pretty much, yeah. i mean, that's the way a lot of this works. these guys have one guy in crimea good at writing malware.
11:02 am
another guy really good at breaking into websites and they sort of gather a bunch of people with different specialties and go after it that way. >> who's the sheriff? from our -- who's protecting the consumer? >> well, hopefully the consumer's protecting the consumer. you know, when it comes to credit card information, not such a big deal. right? at the end of the day, here in america, as long as you're keeping a relatively close eye on this stuff and this fraud, you're going to get that money back, but when it gets really serious, when talking about people's personal information. the stuff you can't change. >> that's the identity fraud stuff? >> absolutely. that's growing by leaps and bounds. >> how cheap is a financial life online if i wanted to buy somebody's identity? >> depends. anywhere from $2 to $10. >> and i'm worth $2 to $10? >> depends. yeah. generally. >> $2 to $10. back to the heartbleed bug. many companies are not informing customers of danger as sites update their software you need
11:03 am
to change your password, but don't change them yet. if you change it before a site is patched you are still at risk. these are just some of the big sites you should go to and update your passwords right now. go to cnnmoney.com for a consistently and constantly updated list including a look at which sites you use every day that were not hit. you have to do something about this. you can't sit back. scary stuff. go to our website for that. bupgs like heartbleed, the big data breaches like targets get the most headlines. the next threat to your privacy could be hovering over your head. laurie segall, tell me about the drone that can hack you from above? >> tear firing. it's exploiting a hack we've already seen. essentially exploiting wi-fi you haver inables. add in the element of a drone. it takes this hack to a whole new level. check it out. >> three devises, three mobile
11:04 am
phones down below collecting data by at least those three people. >> reporter: that's a hacker using technology installed on a drone to grab cell phone information from people below. this technology has been used on cell phones and laptops. one day it could be installed in a larger aircraft. think helicopters or small planes. >> down the road, and seeing lots of devices. must be the people walking down the road. >> reporter: he can also see user names, passwords, credit card information and get this. in some cases, your home address. >> so somebody who was walking around the park, most likely their house. one of these houses here. >> the tech on the drone is called snoopy. we took snoopy out for a spin on the streets of london. >> fly within a relative close distance of a person with a phone tucked safely in their pocket. if they've left wi-fi on, most do, in myexperience. the phone will noisily be shouting out. [ bleep ] shouting out, starbucks, are you there? >> reporter: you can are protect
11:05 am
yourself by turning off your wi-fi. did you don't, snoopy can trick your phone and send back a signal pretending to be the network the phone is looking for and then the drone can intercept everything the phone sepds and receives. >> phone is looking for starbucks, i pretend to be starbucks. your phone connects to me and i see all of your traffic. >> reporter: we tested it out on dummy accounts created. >> we can see here it's logging into yahoo.com. yahoo! mail and i created an account. angela smith, and there's her user name and her password is abc123. amazon, paypal. so paypell e-mail, user name. if technology were in the planned of bad hackers, criminals, all kinds of things they can do. basic level, track people through space and time. >> reporter: i want to emphasize, he is an ethical hacker. not trying to fly around a drone and get everyone's information but saying, look, this exists.
11:06 am
this flaw exists. we can put this on drones and do all of this stuff. protect yourself. turn off your wi-fi and wants to raez awareness and oftentimes they get into trouble for even putting this information out there. >> turn off your wi-fi. the take away. thanks. coming up, education secretary and former college basketball standout arne duncan go one on one on the most controversial issue in college sports. >> this one's very, very personal for me. the priorities, incentives, way out of whack. so ally bank really has no hidden fees on savings accounts?
11:07 am
11:09 am
11:10 am
despite including meal plans. few get fame, meantime billions are brought in from tv deal, ticket sales and merchandise including sales of napier's jersey. selling his jersey he goes to bed hungry. so should the players, the fans are paying to watch, be getting a piece of the revenue they're generating? education secretary arne duncan was co-captain of harvard basketball team and played professionally overseas and took home the mvp as part of the nba's all-star weekend. he says supporting big time athletes, it's out of whack. >> they have to be students first. they have to be athletes second. that balances out of whack in far too many places. money is driving this thing. money for the universities. >> not for the kids? >> money for college coaches, for administrations and making sure young people aren't going to college just to play a sport, but to get their degree. i was one of those many young men, wanted to go to the nba. didn't make it, but was told,
11:11 am
chase that dream and catch an education. so many of the incentives are around wins and losses not graduation rates. universities have been complicit. presidents, boards, and we need to push very, very hard to make sure that young people have a chance to get a great education that will change their opportunity structure forever, if they graduate. if they go to college, play for a couple years, make a bunch of money for the university, don't graduate, they go back home, nothing to show for it. >> who wins? >> that is not fair. not fair. i grew up with a lot of players on the south side of chicago. this one's very, very personal for me. the priorities and incentives are way out of whack right now. >> also personal for duncan the president's race to the top campaign, a competition among states for federal money to fund education innovation. this week the white house marked the fourth anniversary of that program. i asked secretary duncan if he this race to the top is a success? >> well, i'm never going say mission accomplished. we have a lot of hard work ahead of us.
11:12 am
i was in delaware, one of the first two states to receive the race to the top award. remarkable to see the progress they've made, increased access to high quality learning opportunities, math and reading scores up. dropout rates cut in half. >> how did they do it? innovated? >> innovated, were thoughtful. governors provided ex-extraordinary leadership. dropout rates at all-time lows. significantly to me, every single low-income high school graduate who's done swell applying for college. before they didn't. a strategy behind that and working very hard to bring in talent to their underserved communities. great principals and teachers make a huge difference. >> can i ask why sometimes education innovation terrifies people? >> challenging the status quo is hard. i'm trying to challenge the status quo every day. our dropout rate is too high. our graduation rate not enough. at an all-time high. we have a long way to go. heartbreaking to me is so many
11:13 am
young people who actually graduate, not the dropouts, high school graduates, truly aren't prepared for college. go to college and have to take remedial classes. we've didn't doing far too long, lying to children and families saying their ready and they're not. anytime you're asking for of everyone, teachers, parents, students themselves, change is are hard. >> as a strong supporter of common core, the president is a supporter. how are we doing? some of the school districts, no the really low performing. fenger in chicago, she loves it and some high performing school districts are turning out s.t.e.m. ready unbelievable candidates. in the middle, schools where parents are saying, i don't like this. >> again, across the country, always debate and it's health toy have it. across the country, democrat, republican, everyone in between, 46 states raised standards. truly implemented college and internationally benched sta
11:14 am
standmarks. amazing example of courage, hatching across the nation and every day folks are working hard to get there. adopting the higher standards is as important as it is, that's the easy part. implementing that, teaching to the highing standards. helping students to understand what's asked of them. including the parents. implementation is the hard part. there have been bumps, there will continue it be bumps and hurdles to jump over, but if we can stay the course over the next couple years and as a nation move to higher standards, better assessments, meaning dl teacher and sprainl port, we will training ed dmags a profound way. >> all of the other countries that are going to eat our lunch with the quality of student we're putting out, still on a is a grarian calendar, don't go school until you're 5. why are we doing that? >> makes no sense. education moves far too slow. >> ironic. that's what fuels change in the world but it doesn't change.
11:15 am
>> as a nation we're living on our past glory days, as you said. so many other countries are out-educating, out-innovate, out-invests. i literally just left two weeks ago an international conference we partner every year, 20 nations rapidly improving nations high-performing nations and the questions particularly on the early childhood were brutal. we ranked between 25th and 30th amongst industrialized nations. i had folks from other countries come to me say, how many your citizens don't care about your children? and it's -- i don't have an answer for them. >> early childhood education is expensive but the? ed is if you spend early you save later on, and on things like prison costs, safety net programs. overall weakness because people don't have the an education. twul income households are struggling because take-home pay is less than a decade ago. the obama administration pushing early childhood education. go to cnnmoney.com to see why
11:16 am
secretary duncan has particularly praise for jeb bush and other prominent republicans calling them huge profiled in courage on this subject. coming up, women still earn less than men. how much less? the truth ar the pay gap. plus, arianna huffington on sleeping your way to success. i'll explain, next. your education is built to help move your career forward. here's how: we work with leading employers to learn what you need to learn so classes impact your career. while helping ensure credits you've already earned pay off. and we have career planning tools to keep you on track every step of the way. plus the freshman fifteen, isn't really a thing here. and graduation, it's just the beginning. because we build education around where you want to go. so, you know, you can get the job you want. ready, let's get to work.
11:19 am
11:20 am
author of a new best-seller, a thrive." i asked her about the moment she realized she'd been measuring success all wrong. >> i was just shocked by, by the story you tell in the book, 2007, you're really at the peak of your success as an influential woman in the world and you collapse in your office. you break your cheekbone, hurt your eye and realize, success for you came at a very big price? >> exactly. and that's what started me asking these big questions. like, what is a good life? what is success? because as you said, by conventional definitions of success i was successful. but by any sane desks finition success it was lying on the floor of my office in a pool of blood. i was not successful. success needs to be redefined. that's point of the book. the two, money and power are not really a complete life.
11:21 am
so the third metric of success for meist cans of four pillars, well-being, health, first. wisdom. capacity to connect with our own wisdom and intuition. not to miss life, miss the delight and joy of life and giving. giving has to be a big component of life. >> serial samberg talks about leaning in. especially for young women and mid-career women, lean into your career. get what you want. think in different ways. do we lean in or lean back? are these conflicting ideas or complementa complementary? >> that's why sheryl did a big endorsement of the book, because they're not contradictory ideas at all. lean in is really about making sure our negative fantasies, our fears, our self-doubts, don't get in the way of our dreams. >> hmm. >> but if we don't also lean back and regenerate, we are not going to be as effective and
11:22 am
we're not going to be as happy. >> why does it have to seem like a luxury to sleep for eight hours? to meditate? to maybe read a book for fun, and not for work? why is that, does it seem like a luxury to me? >> it's because of the culture that, frankly, men have created. and we need to change it. i think this is the third women's revolution, because -- >> the third women's revolution? >> the first being, getting us the vote. the second being equal access to all the tops in every field, and the third is remakingal world of work and of priorities. because it's not basically working for anybody right now. and especially for women. it's not good for businesses either because it effects the bottom line. stress and burnout are the diseases of our swivelization, a civilization and we women need to lead the way to change that she, because it's not sustainable anymore. >> you just heard, quelling equal access to jobs the second
11:23 am
revolution. the white house may argue the revolution not quite complete because women still don't earn equal pay for equal work. the president signed strengthening equal pay laws but only applying with companies with federal contracts. >> america should be a level playing field, a fair race for everybody. >> so just how big is that pay gap? women earn 77 cents for every dollar a man makes. that stat is misleading. it doesn't account for differences in occupations and work hoursened and experience, women earn 82 cents for every dollar a man makes. when you drill down to specific job, the gap still exists. look at teachers, even though it's a profession dominated by women, men still make more. same thing with retail sales and nursing. for more stories that matter to "your money," give me 60 seconds on the clock. it's "money time." stay at home moms are on the
11:24 am
rise. the tough job market and high cost of childcare too big reasons. finding 29% of moms stay at home today. up from an all-time low of 23% in 1999. another quality control headache for toyota. the automaker recalling 6.4 million cars worldwide for a variety of issues. it's toyota's second major recall this year, following a record fine for the handling of its unintended symboleration recall four years ago. save the environment in style. bentley will showcase a plug-in hybrid of its flagship sedan at the auto show but hybrid models won't be on the market until 2017. teens cutting back for prom night pap new visa survey finds the average family will shell out $978 this year. that's down 14% from last year. need to juice your phone fast? an israeli company developed technology that can charge your phone in 30 seconds. the battery is too large to fit into today's smartphones.
11:25 am
11:26 am
[ male announcer ] when fixed income experts... ♪ ...work with equity experts... ♪ ...who work with regional experts... ♪ ...who work with portfolio management experts, that's when expertise happens. mfs. because there is no expertise without collaboration. he was a matted messiley in a small cage. ng day. so that was our first task, was getting him to wellness. without angie's list, i don't know if we could have found all the services we needed for our riley. from contractors and doctors to dog sitters and landscapers,
11:27 am
you can find it all on angie's list. we found riley at the shelter, and found everything he needed at angie's list. join today at angieslist.com they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why i recommend polident. [ male announcer ] cleaner, fresher, brighter every day.
11:28 am
because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. a plunge in technology stocks leading investors to wonder, are bushels starting to burst? twinter, linkedin, all down double digits. facebook and netflix are taking hits as well but there are good bargains. for that, paul, joining me not to make light of anyone who lost money, but 90 seconds up on the clock and talk about potential bargains. bubble or bargain, microsoft. >> microsoft a bargain. amazingly enough, a company investors seem to appreciate the leadership. in a dal la, their cloud guru now the ceo and anti-steve ballmer. people appreciate that and there's a lot of excitement about many of their new cloud
11:29 am
offerings, such as office for the ipad. >> talk about qualcomm? >> qualcomm, doesn't matter if you love ios and apple iphones or google android phones. qualcomm chips in all mobile devices standing into china. pay a dividend. you have to love that. >> not a terrible week for them? >> not at all. qualcomm is up niecely year to date and people are excited about their sechnology also spe up wi-fi. >> aol? >> a tough year. surprised they made it through my screen, because it is a company that a lot of people have negative feelings about, but it is now actually cheap. shedding its reliance on the old internet access business and focusing on more rapidly growing things, the "washington post." you have to look past boneheaded comments from armstrong about oba oba obamacare and discretioned babies. invest in the company, not the ceos are may not be the nicest in the world.
11:30 am
>> thank you very much. for his full list of bargains, seven lucky text box bargains, go to our website. thank you for spending your saturday with us. have a good weekend. greetings from augusta, home of the masters. one of the world's most exclusive spots. today get a peek behind the course and the people behind all of those putters. welcome. over the next half hour we'll hear from the legends of the game why this has become one of the most iconic events in sport. >> the masters ey. mizes the start of the golf season. that's what it does for me. >> it's always special. you put that jacket on. >> we'll introduce to you one of golf's most charming rising stars and the woman who holds the keys to his game. >> trying to go for the fly? >> trying to hit something. >> and the landmark that a sitting u.s. president
329 Views
IN COLLECTIONS
CNN (San Francisco) Television Archive The Chin Grimes TV News Archive Television Archive News Search ServiceUploaded by TV Archive on