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Google, Microsoft to invest $30 billion in cybersecurity

Google, Microsoft to invest $30 billion in cybersecurity
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Transcripts for MSNBC Meet the Press 20240604 08:07:00

we ve been talking about cyber for a long time. finally the american public is starting to wake up to the ramifications of these attacks. there s generally been two types of cyber incidents, one where a nation state steals information, two, where cyber criminals come in and threaten to shut down a system and demand ransomware. we ve seen these individual attacks of these pipeline companies, ferry companies, meat packing companies. what i m really worried about is if we saw the kind of massive, across-the-system attack that took place last year, the solar winds attack, they got into 18,000 different companies. if that attack had been to shut down the system, our economy would have come to a halt the way russia attacked ukraine. we ought to do three things. one, we ought to put in place we have bipartisan legislation to do this to require that, when companies get attacked, they notify the government. there is no requirement right now. second, we do need international norms so that wh

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Transcripts for MSNBC Meet the Press 20240604 08:09:00

last year i worked on legislation that became law to tighten up our illegal cash payments, the use of dummy corporations. america was, frankly, not even at international standards. we need more transparency. right what s happening around ransomware, not only are the companies not reporting they re attacked, but they re not reporting ransomware payments. i want to get to the ransomware payment in a second. you want to make it basically illegal to not report a ransom ware attack if you re a company based in the united states. what about a step further where you mandate a minimum level of security? if you want to be a defense contractor, you have to prove your ability to handle classified information. you know this very well. that s how colonial has to be treated, gbs, anybody who essentially sells goods and services in the united states. chuck, here is the challenge. we need higher cybersecurity standards.

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Transcripts for KPIX CBS Evening News With Norah ODonnell 20240604 01:44:00

president biden s summit with russia s vladimir putin, we re learning details of what appears to be a new russian cyber attack. the targets were u.s. and foreign government agencies. cbs weijia jiang reports from the white house. reporter: the group behind the brazen hack is known as nobleium, linked to vladimir putin s intelligence unit, and the mastermind of the historic solar winds cyber attack last year. this time, microsoft said the hackers targeted approximately 3,000 individual accounts at more than 150 organizations using emails like this one that appeared to be from the government agency u.s.a.i.d., the sender address even looked authentic. today, the white house said the hack does not change the president s plan to meet with putin in switzerland in three weeks. reporter: president biden sanctioned the russians after the devastating solar winds attack, which spread to 18,000 government and private computer networks, but the hacks have continued.

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hoover institution. welcome to sunday. it s meet the press. announcer: from nbc news in washington, the longest running show in television history, this is mete with chuck todd. good sunday morning. we are a nation under attack right now, cyberattack. last week cyber criminals slowed food production here and abroad. last month hackers caused lines up and down the east coast. there have been ransomware attacks. so many areas are at risk and so many companies with enough money to pay the ransom. many of those payments are being done in cryptocurrency which is much harder to trace, another issue. the main culprits are cyber criminals based in russia which, as a nation state is offering them safe harbor as long as their targets are in the west. the problem has become so acute, officials say the u.s. is considering offensive cyber operations against the criminals

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