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Transcripts for BBCNEWS Talking Business 20240604 01:39:00

is ready, but, steven, there will be some asking, can you really stop a nation with the capabilities of a state like russia? russia has attacked the industry before with ddos, it has attacked governments before with solarwinds. is there an absolute guarantee? no. but there is a lot of focus, a lot of resource, a lot of commitment to do that, and you have thousands of people dedicated to working really hard to make sure that we are safe at the end of the day. and let me end on this, steven, what can other sectors, other industries learn from the financial sector? the financial sector has done this as a lifestyle because they must, it is a requirement, basic business requirement. they have been doing it for a long time. i mentioned cyber hygiene, i mentioned effectiveness, a lot of the baseline things that are in place in

Transcripts for BBCNEWS Talking Business 20240604 01:40:00

the financial sector can be implemented by all industries. i liken this to just adapting basic practices we have in our own life. we lock our door when we go out, we lock our car, we check to see that the oven is off. this is now the digital equivalent of basic safety in a virtual world. steven silberstein, i really appreciate your time, thanks forjoining me. i will talk to you soon. thank you, aaron. pleasure to be here. well, for more on the size of the threat from russia, i also spoke to general keith alexander, founder of the ironnet cyber security and former director of the us national security agency. keith, a real pleasure having you on my show, thank you forjoining me. let s start with this, keith, how big of a threat is russia to western businesses? i think russia, especially in cyber is a big threat to businesses across europe and the united states.

Transcripts for BBCNEWS Talking Business 20240604 01:36:00

i have been speaking to steven silberstein, president and ceo of the financial services information sharing and analysis centre. they work on cyber threats across the finance industry. steven, thanks so much forjoining me. steven, let s start with this because you have members in ukraine, how serious is the threat from russia that they are facing right now? well, we do not have any measures of how widespread, we do know that there have been continuous attacks. we have been reading about them. we know of attempts to take over websites and deface websites. we know of distributed denial of service attacks, ddos for short, where volumes of traffic are targeted, huge volumes of traffic are targeted at a website to disrupt its operation and attempts to disrupt the computers that are behind that. but the ukrainians have shown amazing resilience throughout this whole process, both in their physical

Transcripts for BBCNEWS Talking Business 20240604 14:40:00

i mentioned effectiveness, a lot of the baseline things that are in place in the financial sector can be implemented by all industries. i liken this to just adapting basic practices we have in our own life. we lock our door when we go out, we lock our car, we check to see that the oven is off. this is now the digital prevalent of basic safety in a virtual world. this is now the digital equivalent of basic safety in a virtual world. steven silberstein, i really appreciate your time, thanks forjoining me. i will talk to you soon. thank you, aaron. pleasure to be here. well, for more on the size of the threat from russia, i also spoke to general keith alexander, founder of the ironnet cyber security and former director of the us national security agency. keith, a real pleasure having you on my show, thank you forjoining me. let s start with this, keith, how big of a threat is russia to western

Transcripts for BBCNEWS Talking Business 20240604 14:36:00

there may be a number of reasons behind this, not least the fierce resistance being put up by the ukrainian people. but there are fears these capabilities may be turned towards the west and its businesses as those sanctions bite. i have been speaking to steven silberstein, president and ceo of the financial services information sharing and analysis centre. they work on cyber threats across the finance industry. steven, thanks so much forjoining me. steven, let s start with this because you have members in ukraine, how serious is the threat from russia that they are facing right now? well, we do not have any measures of how widespread, we do know that there have been continuous attacks. we have been reading about them. we know of attempts to take over websites and deface websites. we know of distributed denial of service attacks, ddos for short, where volumes of traffic are targeted, huge volumes of traffic are targeted at a website to disrupt its operation and attempts to disrupt the c

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