Extremely Online Election, A Gavel Up for Grabs, & Money Laundering 10/5/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 5 October 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

X, the platform formerly known as Twitter, has made cuts to its elections and disinformation team, eliminating almost all of the controls that were built after the 2016 election to prevent wide-scale manipulation. Former Facebook chief security officer, Alex Stamos describes the potential dangers ahead for the 2024 U.S. Presidential election. Singaporean authorities have seized more than 150 properties, luxury cars and thousands of gold bars in a family office money laundering scandal that has quickly grown to $2 billion. CNBC’s Wealth Editor Robert Frank reports on the international intrigue. Plus, the job opening in the House of Representatives, it’s already too late to start your holiday shopping and a hack at Clorox leaves a big stain. Courtney Reagan, 8:12 Alex Stamos, 15:15 Robert Frank, 23:15 In this episode: Alex Stamos, @alexstamos Robert Frank, @robtfrank Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.
0:08.0	Ex, formerly Twitter, has made cuts to its elections and disinformation team just as we're ramping up for 2024.
0:15.6	Meta's former Chief Security Officer Alex Stamos is delivering us a stark warning.
0:20.3	We are in much worse shape for 2024 than we were even in 2016 because the protections that companies have put in place
0:26.9	Have started falling back from a peak in 2020 and 2022 a hard look at social media's role in our elections and around the world.
0:35.0	We're stuck in this 2016 mindset of the idea that foreign interference is only by Russia
0:39.8	and it only benefits trumps and it hurts Democrats.
0:42.9	That was actually never that true.
0:45.0	And the other online threat we're talking about today,
0:47.6	cyber criminals, how Scattered Spider
0:50.3	made a big old mess for Clorox.
0:52.3	Sometimes people pay the demands for the ransom,
0:55.0	sometimes they don't. They say you shouldn't pay it, but then if you don't,
0:58.0	you wind up in a situation like this
0:59.0	where you're looking at sales down by 25%.
1:02.0	Unpacking a $2 billion money laundering scheme in Singapore with Robert Frank.
1:07.0	152 properties, 62 cars, lots of gold bars and jewelry.
1:12.0	Plus a gavel up for grabs in the house.
1:15.0	And we're starting the countdown to Christmas
1:18.0	too soon with C. NBC's Courtney Reagan.
1:21.0	I've actually already started jumping.
	...

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