security at the university of central lancashire he joins us from preston in the united kingdom and mark einstein is chief analyst for digital services at japan that's a research and advisory firm focused on i.t. he joins us from tokyo welcome to both our guests marc einstein let me start with you if i may because you've worked with companies around the world in setting up their cyber defenses but given the scale of the threat today in the sophistication of cyber attacks are we losing the battle against the hackers and if so why. i think you can make the case that we are you know now we have this phenomenon called the internet of things which is several years old now and you know this is the number one reason that companies are really hesitant to be more and more connected i think what is so interesting about this is that the majority of the hacks that we see are actually not very sophisticated they're caused by things or having to all passwords or passwords like 12345 and you know these basic mistakes are holding back billions or even trillion dollars in corporate product of 80. macs eyes in pre

was behind the attack it's purely an allegation but what's this telling us about the point that mark einsteins making about state sponsored attacks is this a new kind of asymmetric warfare but in cyberspace do you think. it is because some states are realizing that in order to hit back it's other states using cyber or cyber warfare is the way to go so we have now you know recently this emerging phenomena about state backed cyber were for you know when you know not only russia i mean in some states like north korea for example there have been a lot of reports saying that the they brought a lot of money into their economy like billions of dollars has been brought into north korean economy just based on ransomware attacks and the bay ments that has been made for the so it is and it is unfortunate and when you look at it from an individual going to view the technology again as i like i said the problem is they acknowledge is is like 2 sides so we have the bitcoin phenomena and the last few years and the rise of the bitcoin price nearly $1010000.00 so bitcoin has been very very attractive is untrac

denied hacking was put aside it disputed the allegations and has vowed to vigorously fight them mark einstein is chief analyst for digital services of japan he says there's more evidence needed to conclude whether the allegations against are actually true . i don't have any specific information about the n.s.o. group whether or not they've been involved in this directly or not but this company is a company that sells spyware to governments and in latin america in the middle east and in other places so while i think it's possible i still think we're going to need to see a little bit more of the evidence that's behind these allegations in this lawsuit i would also point out that this lawsuit was filed in san francisco and what kind of jurisdiction they may or may not have over an israeli company over something that happened in the 3rd country is also somewhat dubious i would say every time you look at what's happened you send a message you see a message on your screen saying that yes don't worry this is end to end encrypted but now the company's coming out and saying well but actually we were h

security at the university of central lancashire he joins us from preston in the united kingdom and mark einstein is chief analyst for digital services at japan that's a research and advisory firm focused on i.t. he joins us from tokyo welcome to both our guests marc einstein let me start with you if i may because you've worked with companies around the world in setting up their cyber defenses but given the scale of the threat today in the sophistication of cyber attacks are we losing the battle against the hackers and if so why. i think you can make the case that we are you know now we have this phenomenon called the internet of things which is several years old now and you know this is the number one reason that companies are really hesitant to be more and more connected i think what is so interesting about this is that the majority of the hacks that we see are actually not very sophisticated they're caused by things or having the all passwords or passwords like 12345 and you know these basic mistakes are holding back billions or even trillion dollars in corporate product of 80. macs eyes in pr

security at the university of central lancashire he joins us from preston in the united kingdom and mark einstein is chief analyst for digital services at japan that's a research and advisory firm focused on i.t. he joins us from tokyo welcome to both our guests marc einstein let me start with you if i may because you've worked with companies around the world in setting up their cyber defenses but given the scale of the threat today in the sophistication of cyber attacks are we losing the battle against the hackers and if so why. i think you can make the case that we are you know now we have this phenomenon called the internet of things which is several years old now and you know this is the number one reason that companies are really hesitant to be more and more connected i think what is so interesting about this is that the majority of the hacks that we see are actually not very sophisticated they're caused by things or having the all passwords or passwords like 12345 and you know these basic mistakes are holding back billions or even trillion dollars in corporate product of any. macs eyes in p