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Real Vision: Finance & Investing

Adventures in Finance 20 - Cyber Warfare: Welcome to the New Normal

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.21K Ratings

🗓️ 16 June 2017

⏱️ 75 minutes

🧾️ Download transcript

Summary

For years, cyberattacks on a global scale were the stuff of fiction; they have now become reality. And if the NSA isn’t safe then no one is safe. This week, we decode a potential existential threat to modern civilization with Dee Smith, CEO of Strategic Insight Group, and Kowsik Guruswamy, CTO of Menlo Security. In ‘Things I Got Wrong’, we speak with Greg Weldon, CEO of Weldon Financial, about what he got wrong shorting the Malaysian Ringgit during the 1997 Asian financial crisis. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Do you know the number one obstacle to financial success? Time or lack of it.

0:08.0

Without enough time you can't learn efficiently, plan effectively, or focus on the right strategies.

0:14.9

That's why Real Vision offers you a simple and efficient way to gain expert knowledge, use time-saving

0:20.6

market tools, and leverage the brain power of our community to help you succeed faster.

0:26.7

Get a taste of financial freedom with our free offer at realvision.com forward slash free. Cyber attacks, cyber terrorism.

0:47.0

Cyberterrorism.

0:51.0

For years, they felt like things that haven't really affected us.

0:54.0

Just some headline in the news or a catalyst in movie plot.

0:58.0

And even if there was some kind of attack, we were usually far removed from the actual damage.

1:03.0

Not anymore.

1:05.0

All of that is now changing.

1:07.0

We're starting to see attacks at a global scale

1:10.0

and with a level of sophistication that can cause real physical damage.

1:15.0

Just look at what happened recently with the Wanna Cry attack,

1:18.0

which crippled, and I mean literally crippled half of the hospitals in the UK.

1:23.0

Stop for a second to consider what that actually means.

1:26.0

What that means is that operating rooms were shut down.

1:30.0

Scheduled MRIs were shut down.

1:32.0

Hospitals had to turn away people who were in need Scheduled MRIs were shut down.

1:32.8

Hospitals had to turn away people who were in need of care.

1:35.6

This is happening from real now.

1:38.6

And what was once abstract is now concrete.

...

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