addition to the boom bust team the octopus she is on the show today she's bringing us teleport from the black hat cyber security conference and in today's big deal redacted tonight has we can't seem to end with me to talk about the privatization of prison it all starts right now. you've heard of alternative music alternative culture you're even watching alternative media but now we have alternative mutual funds yep welcome to you all to new you now while many investors are embracing these illiquid alternative funds the securities and exchange commission isn't so keen about the whole phenomenon the f.c.c. has launched a broad examination of alternative mutual funds in an effort to scrutinize one of the hottest and most controversial investment products offered to small investors today all funds or at liquid alternative funds have marketed themselves as a way to hedge against market risk by employing a hedge fund like strategies such as betting on some stocks and against others trading futures and using derivatives to increase leverage they're also a cheaper way for individual investors to gain acc

at the annual black hat conference this week, we hear about the security threats as 8000 hackers from around the world head to las vegas. chances are you play it, or you know someone who does. we are talking about the kim kardashian game, one of the most downloaded apps. players help kim hit a list status. -- a-list status. apple is facing more challenges in china as the company's off the have been left chinese government's procurement list. apple failed to submit documents that included a pledge not to violate double interest, according to government officials. this coming after china said it would vet technology companies for potential national security breaches. of theto our lead story day. security a major issue in the world. president obama has authorized airstrikes on extremist positions in northern iraq. we will have more on the technology behind the strikes coming up. i want to talk about another important form of security, keeping your data safe in cyberspace. there has been breach after breach in the last year or it that target impact impacting as many as 100 million custome

while the list of potential vulnerable items both big and small continues to grow researchers at black hat say prevention is key and should be the plan to focus on going forward in washington. our chief. now aside from security and privacy concerns we also made an effort at black had to get some perspective on the financial markets and tech industry as well now you heard a little from kate pierce a moment ago in bianca's report and she's a security consultant. says i sat down in vegas with her to learn a little more first asked her how well encrypted the new york stock exchange now as jack another massive market exchanges are today here's what she had to say. some of the stuff the encrypt is very very good some of it. optimized for other things with speed or. like easy reconciliation and it's security is a business is a business cost and it's a business benefit of the can't be everything becomes everything it stops you doing what you need to do. so there is that balance but it's such a community at the technical level with it to an extent the predictions a little to go. on the in crowd wit

experts from around the world recently gathered at the black hat conference in las vegas to discuss events ments in technology and information security in the post snowden era meetings like this explore some of the most pressing issues of our time like whether or not privacy is at all attainable in the digital age the black phone the first allegedly fully encrypted smart phone was hacked after one expert at the conference found two new flaws in the device and this comes after a recent study released by hewlett packard that claims seventy percent of smart devices ranging from t.v.'s to home thermostats to automatic door locks have security vulnerabilities all this begs the question if the so-called internet of things where essentially any object can have an embedded computing system is really for our benefit kimberly price the director of sin x. red team strategic operations suggested the internet of things might be spying on all of us. my refrigerator has invested software in it and they know things about my eating patterns is that really matter i don't know but if we're talking about embe

interview with mr jake koons now jake is the chief security officer at risk based securities and a black hat veterans one of the few who's been going for fifteen out of seventeen years and he's giving us the inside scoop on how the conference is evolved over the years and then in today's big deal i'm joined by the always always fabulous mr sam sachs and sam and i are discussing how an impending fast food armageddon armageddon of generalising an even bigger bite out of minimum wage jobs scary stuff and make sure hungry you want to miss a moment and it all starts right now. with . our lead story today sanctions now ever since the u.s. and e.u. began issuing sanctions against russia in response to the conflict in ukraine russia's economy has taken a hit but it's not alone european economies are also looking pretty bleak as a result of all of this now however today russia's retaliatory sanctions against europe are beginning to seriously reverberate through the continent and one. country greatly affected by all this is greece sunday greek members of the european parliament demanded that the e.u.

one step ahead of those trying to stop them now next up is another one of my interviews from the black hat conference with computer security analyst and expert dan here we discussed a privacy in the n.s.a. and dan gave me his take on the struck. security of our financial markets i first asked him what he believes to be the biggest threat to the cyber security world today here's what he had to say. we so rarely. so rarely know what they are until or after were damaged when they. the the the top issue it seemed for security engineering for me has always been no silent failure but we have a lot of that and so when you say what's the big issue i mean part of it is. what's a big issue well i can say what's to be sure that i know about what may be hard to do is to be absolutely correct about here's what the big issue and i think we're and one of the things that i was covering in sort of a mentor way with all the comments this morning was that. we are frequently right now most focused on issues of roughly speaking confidentiality data breach privacy etc etc you know that that might all be. collec

discussion that i recently had with cryptologist bruce schneier now it seems appropriate as the black hat twenty fourteen conference the most well known technology security conference in the world like i mentioned is celebrating its seventeenth year in las vegas right now so bruce and i talked about embedded computing systems open s.s.l. and his theory on n.s.a. reform take a look. well they're already in refrigerators the new things go to putting them on the internet this is the internet of things as computers get cheaper it becomes cost effective put them everywhere in our major appliances or in a small appliances and tags on our clothing in our sensors you know we have nest thermostats right computers and internet in our in our building control systems and over the next five ten years i think you're going to see computers drop in price to the point where they will be everywhere now that's going to be extraordinary the things we can do will be amazing a lot of people have written about that but yes there are now risks there are the pedestrian risks that your refrigerator can become part

and the best of the best in cyber security are in las vegas for the black hat conference our team is there talking all things tech later in the show. good evening it's thursday august seventh eight am in washington d.c. i'm lindsey france you're watching r.t. america the u.s. is considering airstrikes and humanitarian airdrops in iraq today in response to thousands of religious minority groups suffering at the hands of jihadist militants who are running rampant across the country northwest tens of thousands of iraqis mostly from the. excuse me yazidi minority group are trapped on top of a barren mountaintop in iraq's north after sunni extremists encircled a group cutting them off from water and food islamic state in iraq and syria or isis have uprooted christians and religious minorities throughout the country and now the obama administration is debating how to respond option one is humanitarian airdrops with food and water which appears likely option two is targeted airstrikes despite reluctance by the president to get involved since isis began to threaten baghdad the u.s. says the

segment producer bianca sheeny are heading to vegas yes vegas after the show today to cover the black hat hacker conference now one of the main topics of conversation at this premier cryptology event is going to be the fundamentally broken security of the u.s.b. drive we learned last week that the security problems with u.s.b. devices run deeper than we ever thought in fact the risks are built into the core of how these little sticks operate and if you've ever casually accepted a u.s.b. that was in any other device then your very own your system's probably been compromised pretty scary stuff and that's because malware which can be installed on any u.s.b. resides not the flash memory storage of the device but in the actual equipment that controls its basic functions and an attacker can remain hidden from your machine long after the memory stick is removed and the contents deleted it's very very scary stuff and will be looking into it along with many other encryption security and hacking issues although this week. now speaking of cyber security i want to share with you a bit more from my wi

>> black hat is the largest hacker conference in the world and that is where i am now. researchers come to share their research. what is interesting is there is no lull in finding what we are finding. there are breaches all of the time. [indiscernible] we continue to find more and more exposures. that's a big theme. we are not doing enough to protect privacy and health. there's a lot of concern over conference we're not doing enough to protect people. >> what about safety? we were talking about planes. that's been a big talk at the conference. there was one shocking presentation. are you saying anyone with these skills and will could take down a plane midair? >> we did not go as far but being able to manipulate communication can cause a lot of issues. coordinates can cause major issues. probably from legal implications but it looks like they can do things to make a plane divert. just by looking at the in-flight wi-fi system, other things you can take control of that are core to the operations, that is what we need to start looking at and holding these companies liable.

happened just last week during the conference now i started off our conversation by asking him how black hat has evolved over the years here's what he had to say. so it's definitely grown in size without a doubt. but you know i think early on it was very much focused on paul and researchers and it was less of sort of vendors participating and we seen vendors grow you know the expo hall meeting. a ton of vendors here so it's growing the dynamics of who's coming is changing it seems to be a little more management types and corporate not necessarily a bad thing but it's definitely as it as it grows it's not sort of a smaller audience that was very focused on sort of hard core technical things while it's still technical in nature if you look at that at the talks it is changing a bit as it grows with more people coming in you know the term hacker has this really nefarious connotation so do you think that this conference in particular attracts the good or the evil you know i think. as it's grown it's a tracking a lot more good whether it's government type or organizations more people that are comi

aside from security and privacy concerns we also made an effort at black hat to get some perspective on the financial markets and tech industry as well now you heard a little from kate pierce a moment ago in bianca's report and she's a security consultant. i sat down in vegas with her to learn a little more first asked her how well encrypted the new york stock exchange now as jack another massive market exchanges are today here's what she had to say. some of the stuff that encrypt is very very good some of the. optimized for other things. like using reconciliation. and security is a business is a business coast and it's a business benefit of the comp you think of it becomes everything it's doing what you need to do. so there is that balance. it's such a community at the technical default it to an extent the predictions are to go. on the in crowd with your prove to be on various networks so if you if you financial who can get on this with network that's a problem but once you're in a nothing to do. you've got a lot more freedom i want to switch gears a little here and talk about women

suspect is described as thin, 6 foot, wearing a black shirt, white pants and red markings and a black hat >>> happening today in philadelphia, jury selection will begin in the criminal trial of a west philadelphia woman believed to be the person in it surveillance video here. she's charged with kidnapping a 5-year-old girl from her school and later sexually assaulting her. nbc 10's jesse gary is live outside the criminal justice center in center city this morning. you members of the juried in your last update the questionnaire being used to poll perspective jurors. >> that form has more than a dozen questions, half of them probe a person's ability to reach a verdict impartially. let's take a look at our video. 21-year-old christina rusgusters is charged with allegedly taking a 5-year-old from a school. i talked to her attorney, he wants to find out if they can be impartial. of course, the prosecution has its own ideas on the shape of this case, coming up in the next 30 mountains you'll hear from the prosecuting attorney in the federal lawsuit against her. that's coming up in 30 minutes. w

about to be a thing of the past there is a major cybersecurity conference going on right now called black hat and death conand the big top pick of conversation, how will we get consumers to the point they don't have to remember five or six extremely complicated past words with capital letters, numbers, all those things that keep us so confused all the time as computer users. couple things that are on the table for discussion, one is websites that don't require a password but instead will simply send you an e-mail. so you go to the website and instead of typing in the password, you say i would like to log in. it sends you an e-mail to the e-mail address and if you click on that e-mail, it assumes it's in fact you. another one is wearable tech, a bracelet or wearable device when you bring it in proximity to the device, it will know it's you and let you log in without a password. a lot of that work is being done there. there are thumbprint analysis devices out there right now, and there is even an android app which will allow you to log into the android device if you have your blue tooth and wi-

thin, 6 foot tall man wearing a black shirt, white pants with red markings and a black hat. >>> therewill be a special septa board meeting over a new labor contract. they're expected to decide whether to give the board chairman the authority to approach and ratify the contract for ibew which represents electrical workers. there's still no deal yet with the regional rail engineers union. >>> students at the first philadelphia preparatory charter school will head back to the classroom today. eighth grade students will help kick off the new year with an opening year school celebration. more than 1,500 students are enrolled here, two additional school buildings are being built to accommodate more students. >>> up next, attack in philadelphia's love park. >> a violent clash caught on camera and the apparently simple request that started it all. >>> and bad idea, one woman's fondness for this giraffe gets her more than she bargained for. >>> i'm tracking the return of humidity plus a chance of storms as we head into the rest of the week. who to expect is coming up in my first alert seven-da

interview with mr jake koons now jake is the chief security officer at risk based securities and a black hat veterans one of the few who's been going for fifteen out of seventeen years and he's giving us the inside scoop on how the conference is evolved over the years and then in today's big deal i'm joined by the always always fabulous mr sam sachs and sam and i are discussing how an impending fast food armageddon armageddon of generalising an even bigger bite out of minimum wage jobs to carry stuff and make sure hungry you want to miss a moment and it all starts right now. our lead story today sanctions now ever since the u.s. and e.u. began issuing sanctions against russia in response to the conflict in ukraine russia's economy has taken a hit but it's not alone european economies are also looking pretty bleak as a result of all of this now however today russia's retaliatory sanctions against europe are beginning to seriously reverberate through the continent and one country greatly affected by all this is greece sunday greek members of the european parliament demanded that the e.u. cance

and a black hat veteran one of the few who's been going for fifteen out of seventeen years and he's giving us the inside scoop on how the conference is evolved over the years and then in today's big deal i'm joined by the always always fabulous mr sam sachs and sam and i are discussing how an impending fast food armageddon.

boom bust team and beyond the fish she is on the show today she's bringing us her report from the black hat cyber security conference and in today's big deal redacted tonight has we can't seem to run with me to talk about the privatization of prisons and all starts right now.

he had on a black hat, hoodie, black shirt and black running pants with a white stripe.you have seen him, call police. >> half hour ago, hurricane iselle was downgraded from a hurricane to a tropical storm. a look at its impact on hawaii. >> this morning trouble in paradise. two storms threatening hawaii. tropical storm iselle barreling towards the island, packing powerful winds, high surf and heavy rains. >> older homes could have structural issues. flying debris for windows. >> julio is not far behind. forecast to pass north of hawaii this weekend. on the big island people were bracing for the worst. ports are shut down, schools closed and shelters open. the national guard is standing by. >> we're really at the beginning stage of this. really like in the first quarter so let's be sensible and stay calm. >> before iselle moved in, tourists and residents scrambled. hawaiians are not used to hurricanes. the last one was in 1992. >> this is my first time here, well boarding up the storefront for the hurricane. >> the lines for gas are long and supplies like bottled water f

e-mail addresses and a lot is interesting lee comes just as hackers gather in las vegas for the black hat cyber security conference it's one of the largest global information security events series in the world to discuss the latest in hacking i spoke earlier with boom bust host erin made she's currently at the conference and i first asked her if with all this hacking we should be rushing to change our passwords. that's a big topic of conversation this morning here at our black had a lot of people say that the numbers of people whose copper owners passwords were actually compromised they're getting different numbers whether it's three billion or one point two one point three that's still in question but hold securities that was the firm that noticed this breach and they're the ones saying to people out there you know if you're concerned that your company's been breached come to us and we'll tell you if you're on the list opposed to that company command saying here are the fortune five hundred companies that have been hit by this and everyone who has done business with them or as any assoc

seventeen years she has gather annually in a conference called def con and along with its offshoot black hat the event has grown into a one of a kind convention appealing to people from the private sector the government even the most off the radar tech junkies while this year artie's own aaron ate a host of boom bust this summer in the nevada desert to fill us in with details she joined me earlier and i first asked her to give us a background on the conference in the focus of this year's convention. this is the conference that's been going on for seventeen years and it's really morphed over that time you know seventeen years ago apparently we spoke to someone who's been coming for fifteen years we have yet to find a seventeen year veteran but you know they say that now to talk so much more big names it's kind of more bender focused and big players in the security world where before is a little more counterculture like much of hacking on the internet seventeen years ago was but now those people are kind of going to different conferences and it's not like the bad guys are the. guys you know i