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tv   On the Money  ABC  February 26, 2017 7:30am-8:00am EST

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hi, everyone, welcome to "on the money." i'm becky quick. hard core hackers. why prokaryotie i protecting yo important. how you can keep attackers out. friends with putin. russia on our side? the inside story from former world chess champion gary kasparov. the diet plan to fit your personality. customize how you should lose weight. and going to dinner and movies at the same time with really comfy seats. no more cheesy nachos on date night. "on the money" starts now. >> announcer: this is "on the money." your money. your life. your future. now, becky quick. we begin with your e-mail. you probably use it every day. whether it's for work or play. but you may not
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andrea day explains why hackers are willing to pay top dollar for access and what you have to lose. >> when they promise your e-mail account, their possibilities are limitless. >> reporter: from cracking into your bank accounts to taking over social media. >> once they gain access to your e-mail account, he is you. >> reporter: he is the ceo of perimeter x, a cyber security firm that specializes in preventing attacks from bots, an application programmed to do an automated task, like sift through files a lot faster than a real person can. when used maliciously, it can target e-mail accounts, cracking passwords in just seconds. it's called a brute force attack. hacked e-mail accounts are worth ten to 20 times more than credit cards on the underground market. >> you can log on to any account that you have by clicking on forg
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you can create new accounts by using your e-mail. he can even gain access to private information that your bank might ask to do an online transfer. ultimately they want to make money. >> reporter: he says you won't have any idea until it's too late. >> you don't see anything. they take over your account. from there they jump and they take over your social media account. within an hour they'll drain your bank account, then shift items and try to infect your computers. >> reporter: how do they get your password to begin with? you can see bots cracking code in realtime. it doesn't take long, especially for common passwords. >> use on average only six passwords. >> reporter: he says when a website gets hacked, the attackers can usually get into thousands of other accounts all using the same password. the best advice is to pick a strong password for each site
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for "on the money," i'm andrea day. >> some scary stuff. joining us to help us figure out how to protect ourselves from e-mail hacks is the chief technology officer of brainlink international and the author of "unplugged: a luddite's guide to cyber security." we hear all the time about celebrities getting their e-mails hacked, government officials, big companies. but how much do individual people on the street have to worry? >> you should worry about it, not at the same level as getting mugged, but if you make over $100,000 a year, you're a prime target, because even though we may not think we're rich, globally, we're in the global 1%. if somebody in russia, the ukraine, india, china, we make more money in a day than they make in a year or a month. >> how do you protect yourself, if you're the average person? how
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doing everything to keep your e-mail safe? >> you can enable what is called t two-factor authentication so gmail will send you a code over a text on your phone or use something like the duo key, it costs me 40 bucks off of amazon. this is my gold card. >> meaning you can't get into your accounts unless you have that card on you. >> yes. people are awful at picking strong passwords. if you can't enable two-factor authentication, the one industry that fails to do two-factor correctly are banks. >> how do you know if you're compromised? what if you're somebody like yahoo! we don't know how many e-mail accounts were hacked. >> the average consumer can't tell. the best way to tell is to keep an eye on your banking and credit card accounts. every bank
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set up e-mail and text alerts very quickly. in our family, both at work and play, we have alerts on checking accounts, credit card accounts, every time a transaction over x occurs. >> i always thought the banks were some of the best security out there. why is it taking the banks and other industries so long to catch up? >> speaking for banks specifically, when you look at i.d. theft, let's compare i.d. theft to car theft. your car gets stolen, what do you do? you call the cops, they do the investigations, you have insurance on it, your insurance company will most likely make you whole or as close to whole as possible. but in banking and i.d. theft, we don't have such controls. the banks have no incentive to up their security game because at the end of the day they're not the one picking up the tab for the cleanup. we are. and if you look at the fbi stats and doj stats, in 2012, i.d. theft was a $24 billion crime. that's $10 billion more than we
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crimes. >> i've had my account hacked into a couple of times, the bank ends up reimbursing me. >> if you're a consumer, you have lots of leverage. but if you go to the same bank and open up an account for your business or llc, those are considered nonconsumer accounts. on those, every transaction is legally considered a wire transfer. >> the long and short of it is, be very careful if you're a consumer. >> be careful, set up the ale s alerts, those are free. and support businesses that do two-factor authentication, they have much better security than any banking institution out there. >> raj, thank you very much for your time. >> my pleasure, thank you. now here's a look as what's the making news. setting the record is starting to sound like a broken record. but the stock market did it again this week, the dow with ten straight days of gains by thursday, each with a new
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well with a stretch of down days later in the week. stocks climbed on friday. the next interest rate hike by the federal reserve could be closer than you think. minutes released this week show the next increase could be just around the corner. the fed meets again in march and is widely expected to raise rates at least three times this year. americans are buying existing homes at the fastest pace in a decade. sales rose 3.3% last month to an annual rate of 5.69 million. mortgage rates are starting to rise. that may be pushing people to buy now instead of later when they think interest rates will be higher. facebook and major league baseball are in talks about teaming up. the digital media company would reportedly stream one game a week on the site. it would expose baseball to a much younger audience, they hope, and expand facebook's reach into sports. up next for "on the money," former chess champion gary kasparov wants to explain what russian president putin's nex
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move could be when it comes to president trump. and later, one size does not fit all. how your personality may be the key to unlocking your ideal weight loss plan. right now, a look at how the stock market ended the week. ♪ ♪ ♪ ♪ whether you're after supreme performance... ...advanced intelligence... ...or breathtaking style... ...there's a c-class just for you. decisions, decisions, decisions. lease the c300 sedan for $389 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. i love how usaa gives me the and the security just like the marines did. at one point, i did change to a different company with car insurance,
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if putin likes donald trump, guess what, folks. that's called an asset, not a liability. >> that is the question. is it an asset or a liability? president trump has praised vladimir putin in statements and in tweets. but former chess champion gary kasparov is a long time critic of the russian president. he's also the author of "winter is coming: why vladimir putin must be stopped." president trumpas
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admiration for the russian president. you've been a pro-democracy activist against putin. what does he see in putin that you don't? >> his admiration for putin can be explained for trump's admiration for strong man, the way the strong men rule their countries. but i think there's probably something more sinister. >> a lot of people say a more open relationship, at least having a dialogue would be a good thing. that's what president trump has talked about. do you think there's any way that an open dialogue would benefit both countries? >> dialogue is always good. the question is what are you going to discuss and what price you're willing to pay for improving relations. it seems to me from what i heard from donald trump, and actually mostly it came from his fired national security adviser michael flynn, they wanted to cut a deal with putin no matter what, at the expense of america's allies. that would be the end of american global leadership. >> a lot of these accusations are difficult to prove but they have been aired out quite
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do you think that makes it much more difficult for donald trump to actually go ahead and build bridges to russia, just because of the fallout that we've seen to this point already? >> but we're not in a court of law. the burden of proof is actually on trump's side, because we heard a lot from him talking about vladimir putin, and basically finding an excuse for any crime putin committed in recent years. and again, while we're hearing these leaks from american intelligence about contacts between trump associates and his campaign staff and russian intelligence, for trump to show his taxes to prove he's absolutely clean before he even sits with vladimir putin at the bargaining table and discusses the long term future. >> gary, you've made strong accusations against vladimir putin. you've been arrested and detained by the russian government. do you fear for your safety or fear retaliation that might occur because of what you've been
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of course no one is safe, even far away from russia. but my friends, they said there and fought to the bitter end, and now some are in prisons or living in exile. it's a fascist ideology, he wants territories from neighboring countries and supporting global instability. it's putin not just attacking the u.s. elections, but he's been doing it throughout europe, trying to bring ultranationalists or far left parties into power. >> what's your ultimate goal? what would you like to see happen with vladimir putin? what do you think the ultimate outcome could be? >> as long as vladimir putin stays in power, he will continue these policies of confrontation, because that's the core of his domestic propaganda. he has nothing else to offer to the russian people. that's why attacking the united states, attacking the free world, creating chaos and instability, that's the only juif
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stay in power. >> gary kasparov, thank you for your time today. >> thank you. up next for "on the money," the fitness plan that works around your personality. why it could be the answer to getting and keeping the weight off. and later, the new way to go to the movies. dinner and drinks brought to dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia juswho own them,ople every business is different. but every one of those businesses will need legal help as they age and grow.
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many of us have the new year's resolution to get fit and lose weight. how many of you stuck with it? not so much over here. experts say the key is working with your personality. our guest is one of the trainers on "the biggest loser," thank you for being here. what does it mean, to diet for your personality? >> as your trainer how can i possibly program a nutrition program and a workout without having you in mind? what i've found through executive training and put into my book is that if you do not honor the individual, you're not going to see success in weight loss, in sustaining health, because one size cannot fit all. >> is this something you have personal experience with in terms of "the biggest loser," did you see it on the show? >> what was great on the show, i get 24/7 with those guys. i can see when i coach and try to implement something, how people respond. you know, it's like a teacher in front of a classroom of
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we all learn differently. some people are better at math, or science, fast readers, slow readers, whatever it is. like a teacher in a classroom, i get to see what behaviors are their triggers or tendencies, what are their defaults, potholes in the kitchen that they struggle with. it's my job to kind of help them navigate that. that's exactly what the book does. >> in the book, i've been playing around, because there's a personality quiz to figure out what kind of person you are. if there's good news and bad news, which do you want to hear first, how do you feel about leftovers and doggie bags. i think i'm a "d" person. what does that mean? >> the quiz is an opportunity to level up your awareness but how do i feel when certain things happen, what is my pet peeve? for you, you're a "d," an everyday hero, i am as well. there's an organized doer, a
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swinger, a rebel, an everyday hero. an everyday hero tends to be last on their listing. they are the best friends, in everyone's corner except your own. if you were the friend to yourself as you are to others, you would have more success. >> what would you tell me to do to stick on a diet? >> because your schedule is so maxed out, what i provided in the book is a diet that fits into that maxed out lifestyles. >> you have recipes. >> i do, for everyday heroes i have a snack stash. >> i have one in my purse! protein. >> that's what happens, we end up going, going, going, we're going to go to the drive-through. >> i have cashews in the car and a protein bar in my purse. >> and that's what you need. because you'll never slow down to make the meal. you need it there so you can keep going, taking care of your day. >> i love it, thank you so much for joining us today. >>
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your personality, everybody. great to see you. up next "on the money," a look at the news for the week ahead. and dinner and a movie used to be two stops. now a new theater chain combines fine dining and slick at the same time. oscars. why a tiny new york town plays a key role. in your blind spot. onboard cameras and radar detect danger all around you. driver assist systems pull you back into your lane if drifting. hi chief. hi bobby. and will even help you brake, if necessary. it makes driving less of a production. lease the gle350 for $579 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. if you have moderate to severe rheumatoid arthritis like me, and you're talking to your rheumatologist about a medication... ...this is humira. this is humira helping to relieve my pain...
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here are stories coming up that may impact your money this week. on monday, durable goods orders for january. those are the items that last for a longer period of time, usually three years. on tuesday, the fourth quarter gdp and president trump will address congress. and mardi gras, fat tuesday is a legal holiday in louisiana. wherever you are, mardi gras is good to go. wednesday, monthly auto sales for february. and the day yellowstone officially became a national park in 1872. if you're planning on catching the oscars, there's a new way to go to the movies, you can actually drink and dine in wide comfortable seats while catching the flick. our guest is the president and ceo.
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>> i like the idea, big seats, food and drink. how much will it cost me, though? what's the price range for a ticket? >> it really depends on what part of the country you're in. our tickets range from $14 to $29 in new york city. and you have service at your table, pillows and blankets. a different way of watching a movie. basically when you recline your seats, you're watching a movie in your own space. very much like you're watching at movie in your living room. >> right. these are movies, though, that are out at the same time, maybe the cinemax or cineplex at the mall? >> yes. tea these are the most popular movies showcased every week. in addition to traditional movies we also have a relationship with netflix where we exclusively show their movies in our theaters. >> it strikes me it's a great idea and a good way of luring people out of their living rooms were a lot of people are watching movies these days. but these are newly c
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theaters, i would guess you have even fewer people in the theater with the bigger seats. how does it work from the profit perspective? >> people are spending more money when they're there, food and bench is a bverage is a big. there's other sources of revenue for us. we have the ability to do concerts, gaming. last year we did about 500 gaming events. it makes it a total destination for your night out. >> who is the primary audience who is coming in? is this date night type people coming in? >> sure. 90% of our guests are between the ages of 21 and 54. with an average household income of $180,000. you're correct, this is really the date crowd, it's the empty nesters, even mom and dad who leave their kids at home with a baby-sitter, they want a great night out, watch a movie, have a great dining experience. this is one place you can go and have both of those two most common forms of entertainme
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we're condensing the time you're spending out. instead of getting in a car and driving from a restaurant to a movie theater, now you can do it in one location. >> sounds like it's more efficient if you have a baby-sitter on the clock too. thank you for joining us, we appreciate it. whether you go out to the movies or watch them at home, the oscars will likely have a big influence on what you see. a new york-based small business has a giant role in the oscars. our kate rogers reports from new york. >> reporter: this company couldn't be farther from hollywood in rock tavern, new york. they've been working on the oscar statuette. the foundry may be best known for making the oscars, but it's been around for 40 years, working with famed sculptors. the oscars account for only 1% of their annual business. >> it's a big project for us, it's fun, it's exciting, gets us a lot of press and attention.
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where we're working for sculptors, we're sort of behind the scenes. >> reporter: the oscars are made in 12 steps, including being shipped to brooklyn to be plated in gold before being shipped back for assembly. >> each assembly has to be mirror polished. we start with contemporary technology and ultimately an old world hand craft. there's not a lot of places you can go, even in the art community, where you can get all of that in one roof. >> reporter: the name tags are done in a 24-step process. each nominee's name is engraved on a tag in advance. there are more than 230 of them. he'll be at the oscars on sunday as the winners bring their prizes to the governor's ball to have their winning name tags screwed on. >> does this guy already know who won? >> reporter: no. so they do all of the nominees. they did more than 230 name tags. and that crazy 24-step
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he lost me after the, you know, iron casting and polishing and all that, i can't believe that much detail goes into these. then they get to go to the governor's ball, the winners bring them their statuettes and they put the tags on them. he said, i got a little star struck by leonardo didicaprio lt year because he finally got his oscar. >> not a bad gig. kate, thank you. i'm becky quick. thank you for joining us. next week, warren buffett. why one of the world's richest men has real estate on his mind these days and it may not be what you think. each week, keep it right here, you're "on the money." see
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good morning america. breaking overnight -- mardis gras horror. a pickup truck out of control plowing into a crowd of spectators. >> we have got multiple injured, multiple injured. >> the chaotic scene from the chain-reaction crash. the driver arrested. was alcohol to blame? special prosecutors? the calls from within donald trump's own party over those reported contacts with russians. >> we need to do it because they're bad people. >> why this top republican thinks the attorney general should bow out. and why donald trump says thank you, but no thank you, to a long-held tradition. why is he snubbing the annual white house correspondents' dinner? plus, democrats select a new leader. his first move to unite the party. and oscar night! excitement in hollywood off the

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