RUSH TRANSCRIPT Earlier today ░░░░░░░░ Obama CIA chief Leon ░░░░░░░░ was on Fox News ░░░░░░░░ with a dire warning ░░░░░░░░ the threat of a ░░░░░░░░ attack on the United ░░░░░░░░ Watch Cyber is the ░░░░░░░░ of the future What ░░░░░░░░ all have to recognize ░░░░░░░░ that we are now ░░░░░░░░ at a time the ░░░░░░░░ of a sophisticated virus ░░░░░░░░ the cyber arena can ░░░░░░░░ cripple our country Liz ░░░░░░░░ s bring in cyber ░░░░░░░░ expert How serious is ░░░░░░░░ If they re going ░░░░░░░░ the power grid in ░░░░░░░░ shut it down in ░░░░░░░░ and again going after ░░░░░░░░ that s scary stuff ░░░░░░░░ Lisa This is very ░░░░░░░░ stuff And this is ░░░░░░░░ war front happening today ░░░░░░░░ happened last month in ░░░░░░░░ and part of the ░░░░░░░░ S Concern is we ░░░░░░░░ looking at a infrastructure ░░░░░░░░ re looking when talking ░░░░░░░░ the security of our ░░░░░░░░ system what about our ░░░░░░░░ grid our water supply ░░░░░░░░ all of these systems ░░░░░░░░ outdated technology They have ░░░░░░░░ computing networks And these ░░░░░░░░ very easily hackable This ░░░░░░░░ virus is similar it ░░░░░░░░ operating in a similar ░░░░░░░░ in may and it ░░░░░░░░ acts as a worm ░░░░░░░░ once you click on ░░░░░░░░ link with that malware ░░░░░░░░ bad software inside it ░░░░░░░░ spread very quickly into ░░░░░░░░ entire computer system Liz ░░░░░░░░ then you have to ░░░░░░░░ say we re going ░░░░░░░░ hold your data hostage ░░░░░░░░ you pay us in ░░░░░░░░ coins right Is that ░░░░░░░░ it works Exactly So ░░░░░░░░ basically holds your data ░░░░░░░░ Part of the problem ░░░░░░░░ once you click on ░░░░░░░░ link or open that ░░░░░░░░ you ve been encrypted ░░░░░░░░ entire system and you ░░░░░░░░ to quote unquote pay ░░░░░░░░ ransom pay the Bitcoin ░░░░░░░░ is an anonymous currency ░░░░░░░░ operates entirely online The ░░░░░░░░ is if you pay ░░░░░░░░ there s no guarantee ░░░░░░░░ you re going to ░░░░░░░░ the encryption code These ░░░░░░░░ criminals right And the ░░░░░░░░ issue is if you ░░░░░░░░ pay it you re ░░░░░░░░ put on their list ░░░░░░░░ you re a paying ░░░░░░░░ So part of the ░░░░░░░░ here is that there ░░░░░░░░ a level of pro ░░░░░░░░ that is required You ░░░░░░░░ to have your backups ░░░░░░░░ and handy you have ░░░░░░░░ know how to upload ░░░░░░░░ so that you can ░░░░░░░░ get back to business ░░░░░░░░ that s the problem ░░░░░░░░ many of these countries ░░░░░░░░ unfortunately seeing Ics you ░░░░░░░░ let s switch gears ░░░░░░░░ bit because again the ░░░░░░░░ Commission is attacking some ░░░░░░░░ say if you re ░░░░░░░░ Silicon Valley going after ░░░░░░░░ tighten now alphabet that ░░░░░░░░ the parent of Google ░░░░░░░░ by 2 7 billion ░░░░░░░░ by the European Commission ░░░░░░░░ it ranked its own ░░░░░░░░ service at the top ░░░░░░░░ the Google results icing ░░░░░░░░ European companies But the ░░░░░░░░ not hurt because it ░░░░░░░░ a huge cash pile ░░░░░░░░ easily handle it Closing ░░░░░░░░ day slightly in the ░░░░░░░░ This is a huge ░░░░░░░░ What is the European ░░░░░░░░ s message here It ░░░░░░░░ a huge fine Although ░░░░░░░░ put it into perspective ░░░░░░░░ s a little over ░░░░░░░░ of Google s actual ░░░░░░░░ revenue So for them ░░░░░░░░ s small But in ░░░░░░░░ scheme of things the ░░░░░░░░ is really trying to ░░░░░░░░ companies they re trying ░░░░░░░░ regulate them better to ░░░░░░░░ the digital atmosphere and ░░░░░░░░ to put it into ░░░░░░░░ Google actually holds 90 ░░░░░░░░ the online search market ░░░░░░░░ this is huge And ░░░░░░░░ EU is saying this ░░░░░░░░ a huge antitrust problem ░░░░░░░░ are not acting properly ░░░░░░░░ re taking advantage of ░░░░░░░░ position as basically a ░░░░░░░░ a heem it in ░░░░░░░░ search industry and they ░░░░░░░░ blocking their right to ░░░░░░░░ all different kinds of ░░░░░░░░ and in this specific ░░░░░░░░ shopping and this case ░░░░░░░░ been investigated for seven ░░░░░░░░ Google saying who agree ░░░░░░░░ the result Who agree ░░░░░░░░ the fine and they ░░░░░░░░ likely appeal it But ░░░░░░░░ the meantime they need ░░░░░░░░ change their behavior according ░░░░░░░░ the order that the ░░░░░░░░ has released Liz I ░░░░░░░░ not sure European officials ░░░░░░░░ only targeting American tech ░░░░░░░░ But you ve probably ░░░░░░░░ it is why doesn ░░░░░░░░ European come up with ░░░░░░░░ own Google or Microsoft ░░░░░░░░ apple Which is lovely ░░░░░░░░ I think there is ░░░░░░░░ argument there they are ░░░░░░░░ after quite a few ░░░░░░░░ Valley giants They ve ░░░░░░░░ after apple they ve ░░░░░░░░ after Google they ve ░░░░░░░░ after Intel They ve ░░░░░░░░ gone after other American ░░░░░░░░ But if you look ░░░░░░░░ the numbers it s ░░░░░░░░ animal going after a ░░░░░░░░ perjury of American companies ░░░░░░░░ general we just have ░░░░░░░░ strong hold on the ░░░░░░░░ industry which is fantastic ░░░░░░░░ at the same time ░░░░░░░░ need to pay fair ░░░░░░░░ the global level Liz ░░░░░░░░ come back soon Thank ░░░░░░░░ Liz Billionaire Warren Buffett ░░░░░░░░ single pair.