we had a hospital with a ransomware. ransomware on a hospital. this affects the decision-makers during the war. now in israel everybody understands. to deal with this, mainly with good facilitate and to overcome and also to succeed. to have good dr and good recover assistance. still, we have an issue that was mentioned before with reporting. unfortunately, we don't know what we don't know. as much as we know, the infrastructure, the public, the essential services in israel, relatively been guided. but still, we are coming to the small businesses. we have policies and we are trying to change some of it. we are looking on crii. ash: policy changes i have to imagine are some of the hardest things to do. how about how you think about it on the part of the australian government? chris: a couple points. first, the insurance point, the conversation, the guidance the u.k. put out. we take a pretty hard line in australia. the messaging is never paid ransom and we have not tried to confuse messaging their creative for the point of getting a discussion goin

>> i think ransomware still has a huge concern. we are seeing a lot of ransomware attacks. it's a couple different fronts. one concern is who we see on the victim landscape we see entities in the victim landscape that in the past were not targets pick we look at healthcare even going back centuries of kinetic warfare. you never bombed the tents with the red cross and you never attack hospitals. that was a protected enemy. when elsie attacks against healthcare facilities where becomes a patient safety issue. we see attacks against waterways and water utilities that are essentially impacting civilians across the nation. i think the change in the victim landscape when it comes to rent somewhere is concerning. the change in the adversary landscape is also concerning when we talk about cyber criminal organizations doing this for monetary gain. and it used to be hard to be a cybercriminal. if you wanted to be a cybercriminal, you had to identify your targets. you had to recruit and train and build infrastructure and do all this work to actually become a criminal organization. in

those ransomware. we also have a pre-ransomware notification where we also issue notification to companies to say you are on the version of being ransomed-ware. so keep an eye on it. some of them are cross-border. we also contribute to our international partners by sharing with the u.s., australia, the u.k., and other international partners. so, that is work that continues to go. organizationally, we also have an authority to conduct cyber operations and impose a cost on cyber actors. we don't often talk about that side of the business. we do pay attention to who is behind some of these. also when they step outside of their safe havens, hopefully somebody will be outside greeting them with handcuffs. somewhere around the world, i don't know where. they can't be conducting ransomware campaigns with impunity. we have to do something to reduce it. ideally through resilience. we are seeing these conversations that more and more people are talking about cyber and elevating the engagement of cyber. and the i

and ransomware payments. able to get 40-odd participants together from insurance industry associations, insurance companies from singapore to south africa to the uk and canada. and pupped that together and have that conversation that the french will take forward and bring back to members about wha. to do that quickly, question do it through all forms of industry. not just insurance but financial companies an banks and any other grouping you can get together. if you didn't have the krcht ri the time it would have taken and investment, french do it unilaterally ow through a malty lateral setting almost unachievable pap great opportunity to bring industry along and i don't think we've quite nailed that yet. secondly i think will come in time, as trust in this organization grows and, again, we just are on three years. three years old. it's around what can we do more when it comes to calling out bad actor, when it comes to potentially coordinating some of that work around attributions, sanctions, whatever it might

larger ransomware payments paid out.would not have been but for the birth of crypto currency. >> in the "wall street journal" where amazon's head of cyber security are identifying 750 million cyberattack attempts per day up from 100 million six months ago. what's behind that? >> they're making so much money out there right now. look at the demographics of what we're dealing with. nation states, so reportedly all the telecom companies, verizon, at&t, t-mobile, i think t-mobile had six or seven data breaches over the past years. the larger ones china was able to infiltrate at&t and verizon and record millions of calls and had massive, you know, access to call recordings of sensitive private communications between governors and senators, white house officials, they hacked trump and vance phones conversations from that side. you have nation state demographics that are successful with these hacks. the ransomware groups making so much money it's a bubbling field. like i.t., ai, cyber security is a bubbling field and the crime

caroline: today we are talking about the explosive growth in ransomware and we are looking at halcionng for its newest round of funding. here with more is john miller, congratulations on your raise to serious see. when you have a one billion dollar valuation come up that into context of how much each year that cuts bad answer -- bad actors in ransomware. >> it's a small fraction. we have seen that growth explode over the last five years. you know, the losses that corporations are seeing are on the scale of tens to hundreds of billions of dollars per year right now. the scary thing is we are the only actual, or at least the first anti-ransomware company to exist, where we took ransomware as the mission to try to figure out how to mitigate as much risk for customers as possible. >> that's fascinating for viewers. suddenly you're overtaken, someone demanding immediate payment. what is it about your technology that is different? >> we are about breaking the leverage that they get to and sent someone to pay them, right? normally it goes down into two forms of extortion. one, they will come

think colonial pipelines, think about issues happening with ransomware, well water, wastewater, ransomware hitting financial services and public services, like law enforcement and schools and hospitals. i think we've seen ramping up of threats that we often attribute to nation-states, but can be criminals and a lot of other unattributed actors. the important fact is that they disrupt critical services to people and can impose a burden , inconvenience, or worse on ordinary americans. >> david is spot on about nation-states. understanding the importance of our critical infrastructure, they target it because they know that disrupting it could impact our ability to respond, the tactics to escalate the situation and de-escalate it. but frankly, mother nature is equally as much of a threat, and you think about the storms that we have seen in the last two months, hurricanes debbie, helene, and milton, and the impact they have had on florida and the southeast and appalachia and disrupting our power systems, our communication systems, our water systems. that is a great example of how interconnected

they were on stuff like hamas terror financing, the ransomware initiative.king action against a russian virtual currency exchange, fentanyl trafficking, the colombian plan in the cartel. a cambodian businessman who was running a scam compound. you will hear a lot about scams and how they harm americans. so just by doing the work that you have to do to comply with sanctions, it seems like that's really affecting a lot of important priorities. can you talk about the thought here. how these priorities are selected. >> the app. in some sense, you may know this already. heather was basically the chief lawyer for dfi for years. understands our stuff so well from a legal perspective and a practical perspective. i always think about funds. our mission is to drive ourselves out of business. that's a weird way of thinking about it. if we succeed, we have no job. unfortunately, there's always going to be adversaries out there. in some sense when i say that, it's because our priorities are not necessarily set entirely by us. they will be set by foreign actors abroad. wh

like lock bit and others, the world's first and second most ransomware variants. they collectively targeted over 2,000 victims. working with the district attorney's office in new jersey, the fbi and partners around the world, we seized control of lock bit's infrastructure, charged its creator and administrator and convicted key lock bit affiliates. in partnership with the u.s. attorney's office in the southern district of flores, the fbi developed and implemented a decryption tool that saved multiple victims from ransom demands and it totals over $68 million. we also dismantled bot nets. those networks of computers that are infected with malicious software, and without their opener's knowledge are controlled by criminal actors. earlier this year, we worked with the u.s. attorney's office with the eastern district of texas and the fbi to dismantle the 9/11 bot net which had infected millions of residential computers worldwide. the bot net's administrator generated millions of dollars by selling access to the infected computers to cybercriminals who then used their

has seen bad actors to analyze : information, it is an interesting case both state is certainly ransomware and criminally motivated data analyzing information stolen so the common problem is systems that have gotten content . the question is what to do with it. the ability to negotiate multiple parties do we start with first? if you have the ability to analyze content in an effective way, it can help. it's almost like taking data, these are the things that are most interesting to me. just your normal internet search, ask her questions of peeking through sources. teamwork one area we don't talk about, what it looks like, say you have a car and the place stickers on it, it is a cultural stop, it's just going. now we have to worry about scammers with the big technology we have a phone call earlier this year there was a financial worker who thought they were talking to the chief financial officer and 25 million was wired to a scammer and now misinformation and disinformation with generative they a.i. and makes it easier. with the election coming up to have a problem in that area. if you are fa

-led partnership of more than 30 countries and organization to counter ransomware and other threats. >>> good morning and welcome to the 15th annual billington cybersecurity center. here to honor our nation with a performance of our national anthem please welcome to the stage, angela knight. [ applause ] ♪oh, say, can you see, by the dawn's early light, what so proudly we hail'd at the twilight's last gleaming? whose broad stripes and bright stars, thro' the perilous fight, o'er the ramparts we watch'd, were so gallantly streaming? and the rockets' red glare, the bombs bursting in air, gave proof thro' the night that our flag was still there. o say, does that star-spangled banner yet wave o'er the land of the free and the home of the brave? ♪ [ applause ] the stage, billington cybersecurity ceo and founder, tom billington. ♪ >> please welcome to the stage, billington cybersecurity ceo and founder, tom billington. good welcome to >> good afternoon. good afternoon, everyone. and welcome to the 15th annual billington cybersecurity summit. we are incredibly thankful to you for attending

those are the two most important ways to prevent that costly ransomware attack.e to stay ahead of each other. that's pretty good for business, isn't it? yes, it is. it is unfortunate that this is a business that's growing. and so we think about... everything is focused for those cybercriminals about disrupting their economic model. every time you create that locked door that they can't get through easily, you make the cost of an attack longer and more expensive, the more you disrupt that criminal ecosystem. every single one of us can create that friction with harder passwords, using another way to authenticate that we're logging into sensitive things like our bank account or payment applications. and if we're all willing to accept just that little bit of extra friction, we create even more friction for the criminal actor. and disrupting that economic model, because they are running a business, is absolutely key to turning the tide in this fight. and i would be proud if we were able to do that. wendy, we've covered a lot of ground over this cyberbattle going on. c

ransomware attack on the business side of the house, and the company made the decision to shut down the pipeline because they were concerned about it moving into the actual control system, the operational side of the house. in terms of what we have accomplished the last three years, it is important we to perhaps to the president and congress -- tip our hat to the president and congress for passing the bipartisan infrastructure law and the president's entire agenda. we have made $3 trillion worth of investment in our infrastructure between the bipartisan infrastructure law, the inflation reduction act, and the chips and science act. that is imported because i was talking about our aging and failing infrastructure. we have a lot of infrastructure in this country that we built in the civil war days or the turn-of-the-century, and it was not built for the world we live in today and it is being used beyond its intended purposes. those investments in upgrading our roads and bridges and investing in broadband and the next generation of clean energy grid, these are all really signature and impo

a whole bevy of threat actors that are engaged in ransomware, and data extrusion operations, as well as have activists who are looking to hack and create disturbances. so, the one take away i would say is, the one job we have is to inform the government and inform the staff with what is going on in crowdstrike, and to know that one, this wasn't a cyber attack and two, what the impact was and what we are doing to remediate that. i think in this situation, whether it is a cyber incident, then the responsibilities change and it becomes us supporting the government, helping to understand who these threat actors are, who they are after, and how to stop them. so, it depends on the situation, but i would reiterate that private-public partnership is absolutely essential because this is a team sport and we are all on the same team. >> i appreciate that response and i would just close with this. this is the committee you want to work with, because guess what? this is what legislation is going to come out of. this will either make your job easier or harder, right? the intentions are going to be

you might get ransomware actors from not hitting certain sectors.o it is not a conversation about hopelessness. there are things those tools in the u.s. or allies can affect. but it is not to convince them that cyber is not a valued tool. >> do you have an industry perspective on that? >> it is well covered. a lot of what i think on the industry is make it a more challenging problem. with economically motivated operators we can change the equation. for nation state it is a different game. >> our official intelligence has been a topic on the mind the last couple of years. how do you feel that artificial intelligence and rise of more open source intelligence plays a role in pro-active defense going forward? matt, we will start with you. >> there's a lot of dialogue and ink spent on threat actors, asemitic -- single in the trick. we think of security for a.i. and of ai. we are in a state change shift from overtime cloud first and the pendulum is swinging. there's a massive amount of data and edge computing as ai p.c.'s come on line and work stations th

there are serious cyber threats, ransomware, denial of service so you cannot get the websites. there are serious physical threats to election officials. there is a range of serious threats from foreign adversaries, from russia, iran, china. they are using different tactics. they are focused on two main goals, to undermine american trust in our democracy and our confidence in elections and to sew partisan discord. pending americans against each other. we are focused on the full range. we are working with election officials since the beginning of the cycle to provide physical assessments. we have done nearly 1200 for physical security, 700 for cybersecurity, 200 exercise to work with officials in a full range of scenarios where you could have incidents or disruptions. we have done hundreds of trainings the help election officials reduce risk to election systems and processes. host: there's an article in the business section of the new york times. hi russia, china and iran are interfering in the u.s. election. are they taking different paths? is one of those concerning to you than

and ransomware actors. extending and taking a team of experts of u.s. military and u.s.ernment civilians and help them and assist them in the acceleration of the growth of cyber defense, it is really powerful and supports not only the commander, but also supports our teammates in the department of state who are getting the same demand signals. and those partnerships now become collaborative. from our perspective, we are meeting the objectives of how they secure their network, but we are getting insight into our adversaries and how they are targeting other nations and allowing us to expose those tools, expose their tradecraft in partnership with that host nation in ways that give us an opportunity to to extend that information, communicate to those adversaries we are tracking their activity and we will contest it to ensure both the defense of our networks and partner networks. it has been a powerful symbol for the department and has produced tangible outcomes in terms of how our adversaries have responded in cyberspace based off of those activities. >> we have time for on

>> russia, iran north korea, but also ransomware groups.i'm looking out for next week is denial of service attacks on election related websites as well as potentially election offices none of that could affect the vote. the vote is going to be fine. the vote is resilience. we got paper on 98% of the votes cast in this upcoming election, or the estimates but a lot of the supporting infrastructure could be targeted. is this election going to be even more uh, free and fair and locked down than 2020? >> i believe so i think there's been billions of dollars floating in flowing in to secure the elections. there's more security, there's more scrutinization. we're going to be good so earlier this week, the fbi warned about scammers exploiting the 2024 u.s. general election to perpetrate multiple types of financial fraud schemes. you talked about ransomware, but the fbi said, quote scammers use the names, images, logos and slogans of candidates to fraudulently solicit campaign contributions and sell merchandise, which has never sent to the purchaser

we see aggressive china, we see aggressive russia, iran and north korea and also ransomware actors. facing those same threats. and our ability to extend and take a team of experts of u.s. military and u.s. government civilians and help them and assist them in the acceleration of their growth of cyber defense is really powerful. and it supports not only on the combatant commander but it also supports our teammates in the department of state who are getting the same demand signal. those partnerships now become collaborative. from our perspective, we're meeting the objectives it of helping them security their networks but we're also gaining an insight into our adversaries and how they are targeting these other nations and allowing us to expose those tools, expose the trade craft in partnership with that host nation in ways that give us an opportunity to extend that information in the industry, to communicate to those adversaries that we're tracking their activities and will contest them wherever we can to be able to ensure that both the defense of our networks but defense of partner ne

that way if there is any kind of event, intentional like ransomware or unintentional like the crowd flareon this summer that caused some delays in arizona during their primary day, or just the weather, which we seen, it spreads that out to make it easier to mitigate any possible challenges that you have. especially with this information. if voters choose to vote early to make themselves a moving target for disinformation they could try to confuse them on how to vote. it's really good news. i caution people not to take any partisan message from the early voting. we just don't know what this early vote is, it's coming from all over. it seems to be skewing slightly more women, but also slightly older, so that can mean a variety of different things. host: when are we going to know the result? guest: it depends. first of all we should mention that it has always taken us days if not weeks to count all the ballots. there is a misconception that to get the margin used to be much wider, that states were counting ballots fast, but that's not true. they were discounting enough ballots that the media

the moment, we will then host a general session focused on the international efforts to combat ransomwareexperts about the future of cyber. after that we will have a fireside chat with the u.s. cyber ambassador nathaniel fick followed by a panel about how the government is trying to get ahead of cyber threats. we hope you stay with us as we concluded today at the all attendee reception of the exhibit hall, sponsored by elastic. kora, we have an amazing four days ahead to serve the cybersecurity community. >> we sure do, sandy. the mission is truly an honor to be a part of and we are looking forward to kicking off this event with you in. a moment i am extremely excited to be back up here with you throughout the incredible week ahead. throughout the event, both sandy and i will be here to guide you to the next steps. you could also continue to follow your itinerary and access directions at future breakouts from room assignments and you can also use your tap. it provides you with details on the speakers, allows you to organize conversations with others, and allows you to provide feedback. if

event in the country has faced a long time, had nothing, nothing to do with anybody trying to have ransomware or take anything hostage or disrupt anything on purpose. the lessons i've taken is regardless of what the source come whether it's malicious or not malicious, , you've got to have your systems ready to go. everybody in this room knows but i think of it as you have to prepare in advance. note that these things can happen, prep and events can see how you would do with it, who's going to be in charge come what's the process for recovery and rebooting the system? everybody has got to be involved pretty quickly. too often these things are siloed. oh, that he will take care of it. the problem starts multiplying fast outside of that group and if you don't people involved from the beginning then you're trying to play catch-up all the time and the problem gets worse. the third thing is automation. if you can have the systems such as you can quickly reboot systems through automation rather than dual control and intervention. you can get these things up and running much faster than have a bunch

that way if there is any kind of event, intentional like ransomware or unintentional like the crowd flare situation this summer that caused some delays in arizona during their primary day, or just the weather, which we seen, it spreads that out to make it easier to mitigate any possible challenges that you have. especially with this information. if voters choose to vote early to make themselves a moving target for disinformation they could try to confuse them on how to vote. it's really good news. i caution people not to take any partisan message from the early voting. we just don't know what this early vote is, it's coming from all over. it seems to be skewing slightly more women, but also slightly older, so that can mean a variety of different things. host: when are we going to know the result? guest: it depends. first of all we should mention that it has always taken us days if not weeks to count all the ballots. there is a misconception that to get the margin used to be much wider, that states were counting ballots fast, but that's not true. they were discounting enough ballots that t

starbucks apparently has been hit by some kind of ransomware attack that's affecting its online employee scheduling system. so they're doing it the old fashioned way on paper. kohl's has a new ceo. he's coming from michael's, the arts and crafts store. i don't know if you've been in a michael's lately, but they've made improvements, including faster checkout. kohl's hoping ashley buchanan will help them find their footing. he'll be the third kohl's ceo in five years. foreign markets as i was saying, lower this morning after president elect trump said he would put a 25% tariff on anything made in canada or mexico in addition to planned tariffs on china. in the case of canada and mexico. that's higher prices for everything from lumber to food to car parts to medical products. mexico is one of the largest exporter of medical products. trump says canada and mexico need to crack down on the smuggling of drugs. now, these tariffs would certainly violate the spirit of the usmca deal. that's the first deal. the first trump administration insisted on to replace nafta with mexico and canada. the e

recovering from a ransomware attack.sperson says that starbucks is one of many businesses impacted following an attack on its third party vendor, blue yonder, last week. arizona based blue yonder provides supply chain management software to retailers, and this attack is impacting the company's ability to accurately pay and schedule its employees. it is unclear when the systems will be fully restored. >> a man on the fbi's most wanted list, suspected in a pair of bombings in the east bay, has been arrested in england. >> daniel andreas san diego was on the run for more than 20 years, and our crime reporter, henry lee, who covered this case back in 2003, has the latest details. >> animal rights activist daniel andreas san diego is behind bars arrested in wales after a manhunt that lasted more than two decades. the 46 year old suspect appeared in a london courtroom a day after being taken into custody. san diego is charged with planning two bombs in august 2003 at chiron corporation, a biotech company in emeryville. the sec

a ransomware attack on one of its suppliers is affecting software that handles scheduling and pay foraristas. starbucks says customer service has not been impacted. the company is promising to make sure that all workers are paid properly. if you're working this week, your outlook and team software should be back to normal today. crossing fingers microsoft says it has fixed a problem that took those programs offline for a good portion of the day yesterday. the company says a recent change was likely responsible for the outage, but didn't give any other details. >> and a heads up if you're hoping to take a cable car ride today. service is partially suspended because of street closures for road work. busses are replacing the cable cars on the california line, and the powell and hyde street lines are only functioning north of washington street. service will be restored by 530 tonight. when planned street repairs should be done. >> the little dog like blue alien from outer space is back. abc seven's parent company, disney, has just released a trailer for the live action remake of the 2002

. >>> well, a ransomware attack disrupted starbucks' employees scheduling forcing the company to manageid accurately. the hack targeted a third party system provided by blue yonder a cloud service company that starbucks uses to track and manage schedules. store leaders are guiding employees and they have assured all hours worked will be properly compensated. >>> it's time now for a look at what's coming up later on "cbs mornings" and gayle king joins us live from new york. hi, good morning and i'm thinking a lot about my holiday shopping and i know you guys are going to talk a little bit about that this morning. i'm usually so far ahead of the game at this point. i have not even started. >> listen, i'm never -- ahead of the game. gianna. so i feel you. you are thinking about shopping and i'm thinking about my holiday eating. i'm already giving myself some -- in preparation some eating room. but good to see you. here's what's coming up on "cbs mornings" for you. you talk about holiday shopping? here it is. it's in full swing. black friday's almost here. but here's a question though. how

stealing passwords and are leveraging access to move into new environments and to conduct additional ransomwareand data extortion attacks. so this is an area that we would like to continue working with the committee on and anything we can do to help. >> great. mr. chairman, anything you want to do to add? >> we do not want to be here in congress right now. >> we will recognize that. >> the gentleman yields back. i want to thank the witness for his bible testimony and the members for their . and members of the om may have additional questions for you and we would ask respond to these in writing. pursuant to 7d, the hearing will be held open for seven days. without objection, the subcommittee will stand adjourned. >> guys, i am sorry. i am just a reporter. government official.

serious threats, ransomware, denial of service so that you can't get to websites. there are very serious physical threats to election officials. there is a range of serious threats from our foreign adversaries. russia, iran, china. they are using different tactics, to maintain, undermining trust in our democracy and our confidence in elections and to sew partisan discord, pitting americans against each other. so, we are focused on the full range. we have been working with election officials since the beginning of the cycle to provide physical security assessments. we have done nearly 200 exercises as we work with election officials on the full range of scenarios where you could have incidents and disruptions and we have done hundreds of trainings to help election officials reduce risk. i want americans to understand that despite the threat environment, as i said, no matter who you hope for, you can have confidence that your vote will be counted as cast. why am i saying that? a few things. to prevent digital interference, voting machines are not connected to the int

. >>> and starbucks saying a ransomware attack on one of its software vendors interrupt the how the baristasand manage their schedules. store leaders and baristas are working around the outage manually for the most part and that the interruption has not affected customers' directly. >>> a quick look at the futures on this tuesday morning ahead of thanksgiving before we get over to dom chu. you're looking at green on the screen. 75 points. dom, taking a look at this morning's premarket movers. what's on tap? >> good morning. let's kick things off this hour with news out of the biden administration affecting shares of rivian up about 3.25% after the company announced that it had received conditional approval for a $6.6 billion loan from the department of energy. that money will go towards building an electric vehicle production in the state of georgia. rivian said it expects to begin operations at that factory in 2028 and employ 7500 people by the end of 2030. rivian getting a boost on that news. also intel shares higher just about maybe 1.3% after securing a $7.9 billion loan funding under th

the supplier saying systems were disrupted last week in a ransomware incident. a mess before the holidays. annmarie: wow. that is so much time and labor you have to use their instead of paris step -- baristaing. >> in this environment where cpi, inflation across different products is eating away at the wallet, the consumer is looking for someone who will provide the ability to stretch the dollar. jonathan: is that even a word? that conversation continues. this is bloomberg. ♪ jonathan: equity futures pushing higher. yields higher by a single basis point after dropping by double digits yesterday. 10-year back to 428.48. inflation set to squeeze holiday shoppers. >> we like to separate value versus -- price paid for quality received. if you look at the retailers winning in the environment, they are giving back real value to the consumer. cpi, inflation across the different products is eating away at the wallet. consumers are really looking for someone who will provide the ability to stretch their dollar. jonathan: holiday shopping expected to break records this ye

there are serious cyberthreat, ransomware, denial of service so you can't get to websites. very serious physical threats to election officials. and there is a range of very serious threats from our foreign adversaries. from russia. from iran. from china. they're using different tactics, but they are focused on two main goals, to undermine american trust in our democracy and our confidence in elections, and to sow partisan discord. basically pitting americans against each other. so we are focused on the full range. we've been working with election officials since the beginning of this cycle to provide physical assessments, we've done nearly 1200 for physical security, 700 for cybersecurity. we've done nearly 200 exercises to work with election officials in the full range of scenarios where you could have incidents or disruptions and we've done hundreds of trainings to help election officials reduce risk to election systems and processes. i do want americans to understand that despite this threat environment, as i said, no matter who you vote for, you can have confidence that