Cyber Threats & Defenses
April 23, 2019
“China is a company masquerading as a country,” stated Alfred Berkeley former NASDAQ CEO and Board Chair of Security First. Recently, I attended the Nassau Club meeting in Princeton, NJ where Al and three FBI security specialists outlined potential cyber-threats and cyber warfare tactics, including China’s clear plans to dominate several global industries, by any means available. Chatting with Al and the FBI agents afterward I picked up two fascinating news bits: Good news – we now have chips large enough to automatically encrypt data (e.g. stock transactions) as they occur, thus protecting data immediately. Unsettling news: China subsidizes its manufacturers with a 17 percent rebate on each deal. Thus Chinese makers can bid and produce at a 10 percent loss and still turn a profit.
Guest: Trudy Borenstein-Sugiura