Results of the survey so stay tuned. So let me set the stage for a few minutes on a project on cyber enabled Economic Warfare really got started. It really had its genesis back in the 1990s in discussions with incredible smart people at the Smith Richardson foundation that is sponsored this work, but the intersection of economic and security. In 1997 the Asian Financial crisis it, remember . Began in thailand and the contagion quickly spread to indonesia, south korea, malaysia, the countrys throughout the region. Foreign debt to gdp ratios rose over 180 during the worst of the crisis. Writes occur, governments fell. The causes of the crisis were varied but most experts think it was the combination of crony capitalism, and economic bubble flooding the market with cheap money, and a simultaneous slump in semiconductor values with the rise in u. S. Dollar. What would it mean to relations, taiwan and china . What would it do to radical groups . It was the malaysian Prime Minister at the ti
States have a good offensive policy. I think it was admiral rogers not that long ago within the last few months said just as much as that, that we dont have a good cyber offensive policy. We talked about it ed a inad infinitum in classified settings for the entire 10 years i was on the intelligence community. We could never get consensus to move to the next place what that cyber offensive is. As a personal note i saw the administration say they will make china pay for the consequence of the opm hack. I cant wait. I cannot wait to see what the heck that thing is. Candidly, im not too excited about whats going to be. We havent crossed that threshold to bring everybody in this room to deal with this problem. Long answer to your question i dont believe they can go extra territorial to what they perceive is a threat at that point. Thank you so much. Thank you if we can give a hand to the speaks. You can see how we can take many hours talking about that. We will roll into the next panel capa
So first up is the honorable juan zarate. My good friend. First ever assistant secretary of the finance. He served as Deputy Assistant to the president and deputy combatting terrorism. His phenomenal book treasuries war discovers the new economic era of war far. So thank you. Thank you very much. Thanks to all of you for coming. This is a wonderful turnout and wonderful event. I want to thank the hudson institute. Mark dube wits. Thank you for shepherding the authors in the production of this very important piece of work i think. I would commend all of you in the room and those watching online to pick it up and to read it. The contribution, at least from the other authors are incredibly important. And im honored to be here today, especially with steve and mike to discuss these issues. I want to thank sam, too. Because she gave me an opportunity to write more about some of the details i explored at the tail end of my that i think are critical as we look forward. I want to discuss with y
Approach to cyber warfare between the public and the private sector. Can we say all private sector and the Public Sector goes one way and are there any differences in the approach to that . Thank you. You want to take that. And i have a little bit of a different perspective than my panelists so this should be a interesting discussion. 85 of the networks in the United States are private. And contrary to popular belief the National Security agency is not on those networks. Not unless they have a warrant to be there and that is highly unlikely. And so what happens is you have Intelligence Services overseas and trying to bring it back to protect the government and we want to share that information in realtime so the private sector it protect themselves today. That is where we are today. It is not working. Sharing is terrible. No one wants to do it for liability reasons an a whole host of good reasons not to share so we can fix. And here is the problem with the private sector saying heck wi