Argentinas president faces criminal charges. She is accused of trying to coverup the alleged involvement of officials in the 1994 bombing of a windows iris Jewish Center buenos aires Jewish Center. The indictment comes after a prosecution investigating the case was found dead on the eve of hearings. The Ridesharing Company lyft is in advanced talks to raise 250 million in funding. People familiar with the situation says it would value the company at 2 billion. Lyft operates in 60 u. S. Cities while uber is in 277 cities around the world. Google cofounders larry page are selling some of their stock. They will each cell 2 million shares of common stock and 2 million shares of nonvoting class c capital stock. It is part of a new trading plan to diversify their assets. Now to the president and his speech in Silicon Valley in front of apple chief executive tim cook and executives around the world. Hosting a Cyber Security summit at Stanford University, the president urged companies to share information about Cyber Threats with each other and with the federal government. It is a task that Many Companies have been reluctant to do even as companies from Healthcare Companies to sony suffered from cyberattacks. There is only one way to defend america from Cyber Threats and that is through government and industry working together, sharing appropriate information as true partners. The president concluded his speech by signing an executive order that encourages such information sharing. Cory johnson has been attending the summit all day and joins us now from Stanford University. Cory . It has been a very interesting gathering. The crowds have been interesting. Perhaps nothing more interesting than what tim cook, the ceo of apple and one of the most Interesting Companies in the world when he addresses crowds, he talked about these issues in Cyber Security privacy, the governments relationship with privacy and what privacy means for us as american citizens as he sees it. Listen to what he had to say. At apple, we start with a very simple premise. Our Customers Trust mean everything to us. We spent decades working to earn that trust. That is what privacy and security are built into every one of our products and services from their inception. We have strict policies that govern how all data is handled. Our networks and systems are segmented, our hardware and software use encryption. We have a Security OperationsTeam Monitoring our infrastructure 24 7. Beyond that we have a straightforward Business Model that is based on selling the best products and services in the world. Not on selling your personal data. [applause] thank you. We dont sell advertisers any information from your email content, from your messages or your web browsing history. We dont try to monetize the information you store on your iphone or on icloud. When we ask you for data, it is provide you Better Services and even then you have a choice you are in the driver seat, on how much information you share and when you want to stop sharing that. We set the industrys highest standards and we are deeply committed to living up to them. Today so much of her information is digital. Our memories of family and friends in our photos and videos. Our medical history and our financial transactions. Our most private conversations at home and at work. This comes with great benefits. It makes our lives better easier, healthier. But, at apple, we have always known this also comes with a great responsibility. We know hackers are doing everything they can do to steal your data. It is why we have used all the technology at our disposal to create the most secure devices and the most secure systems that we can. In 2013, more than 13 million americans were victims of Identity Theft which is now one of americas most fastestgrowing crimes. In the last few years hackers have infiltrated some of our biggest banks and companies, stealing the credit card and debit card information of hundreds of millions more. Just the other week, we saw hackers stealing information from one of americas Largest Health care providers. The personal impact of these Security Breaches cnaan be devastating. By clicking on the wrong link or simply using your credit card too many people have had their identity stolen, their finances threatened and their lives turned upside down. These offenses cost our economy billions of dollars every year. There is some good news. The good news is that we have the ability to protect people from these growing threats. With apple pay, we put in place a mobile Payment System that is significantly more secure than the old age of the plastic card and the magnetic strip. This is another product where security was not an afterthought. Security was part of the reason we developed the technology in the first place. You see, apple pay starts with a premise that your credit card information and purchases are personal to you. And they should stay that way. When you add a card to apple pay, your actual credit card numbers are never stored in your device or on our servers. Instead for every payment, we created unique onetime codes that is only good for that one transaction from your device. Your purchases are private and we dont store the details of those transactions. They remain between you, the merchant and your bank. We dont know your credit card number or what you bought or how much you paid. And we dont want to. Just three month after we launched over 2000 banks have signed on to bring apple paid to millions of their customers. Today, we are excited to announce that beginning in september, apple pay will be available for many transactions with the federal government. Tim cook you can watch the full speech on bloomberg. Com. Poking some holes at google about mining personal data. What this mean to every company that may be the best Practices Company should follow. We will talk about all of that in the next hour. Stay tuned. This is bloomberg west. Greece in its official creditors will extend their talks over the weekend. Both parties are turned to reach a deal to extend greases bailout terms. Investors were optimistic. Stocks rallied to a twomonth high. Virgin media is investing more than 4. 5 billion to expand its Broadband Network in the united kingdom. The company says the plan will create 6000 jobs and bring superfast connections to 17 million homes and businesses. And more consolidation in frances telecom industry. All pieces weighing a takeover bid and is reviewing the financial and regulatory restrictions. A person familiar with the matter say they could still decide against making a bid. Let us continue with a look at Cyber Security. The white house hosting its first Cyber Security summit today on the campus of Stanford University in the heart of Silicon Valley. President obama urged companies to share information about Cyber Threats with each other and with the federal government saying the u. S. Is in a cyber arms race against hackers. The president said compute protecting Computer Networks must be a shared mission. He was more with what the president had to say. With your Cutting Edge Research programs and your new cyber initiatives, you are helping us navigate some of the most complicated cyber challenges we face. That is why we are here. To want to thank all of you who joined us today. Members of congress, representatives from the private sector, government, academia privacy and consumer groups, and especially the students that are here. Just as we are all connected like never before we have to Work Together like never before both disease opportunities, but also meet the challenges of theseis. The there are technologies that empower us to do great good can also be used to undermine us and inflict great harm. The same Information Technology that helps make our military the most advanced in the world are targeted by hackers from china russia who go after our defense contractors and systems that are built for our troops. The same social media we use in government to advocate for democracy and human rights around the world can also be used by terrorists to spread hateful ideologies. These Cyber Threats are a challenge to our national security. Much of our critical infrastructure, our financial systems, our power grid, health systems. Our networks connected to the internet which is usually empowering but also dangerous. For more from Stanford University, cory johnson is standing by. Cory . Pimm very interesting to hear the president s comments. He is almost greeted everywhere with thunderous applause and people want to see the president , but he seemed to understand the real issues facing businesses as they deal with these issues. So locked in the conversation is about privacy. Certainly it is that but these are Business Issues he was talking about. What to do companies do, how do they respond to hacks, the volume of the problem. He seems to have a handle on it. He wanted to discuss it in a big way to the whole crowd that was gathered here. As well as the small groups he met at lunch today to really understand what those businesses are going through and how the federal government might better guide them to solutions. What is the actual debate . Is it over privacy meeting who gets a look at what data or the ability of companies to share information about when and if they are hacked and who was attacking whom . And dont think it is a simple as one big debate about one side and another side. Rather i think the debate is about what are the best practices like sharing information. How can you do that in the safeway, a way that will not hurt your business down the line whether it is through litigation or exposing yourself to antitrust concerns . We talked to a bunch of ceos and you will see some of those interviews about how the best practices can be helped with some guidance and maybe some better laws out of the federal government. Coming up next, how do companies combat Cyber Threats . The answer might just surprise you. And more from president obama Cyber Security summit at Stanford University, next. This is bloomberg west. Now more on president obamas Cyber Security summit at Stanford University was a big names talked about methods to combat this evergrowing threat. Cory johnson spoke with rsa president amit. I think there is a broader understanding of Cyber Security at the white house and across the nation. The world has changed. We look at the news on a day and day basis and you see major corporations being hacked, attacked, being embarrassed. There is a different level of awareness around how real the threat is and how it impacts american corporations and the American People. Quite after september 11 after september 11, the focus was al qaeda, maybe afghanistan, maybe the war in iraq but it was not Cyber Security. How is the notion of where the technological capability changed . Of the perceived threat at the time was very focused on terrorism for obvious reasons. The reality is cyber is a pervasive to that. We are exposed to all levels across government, the private sector and our life. The threat actors are very consistent. There are terrorist actors. There are cyber criminals. This is a major industry. At least, according to the fbi. In march 2011, you had a very sophisticated big cyber attack the picture company that protects against cyber attacks. But, the discussion outside of that was not big. The discussion outside of the sony attacks, around the recent attack seems to have entered into the national discourse. What is different from 2011 to now . It is a big deal. It was a huge discourse from our perspective. We went through a tremendous process trying to implement transparency, trying to help our customers and people that use our technologies and the security market. The landscape understands what type of attack was unfolding. How the intruders got in and what types of things people need to do to protect themselves. It is imperative to have that type of transparency because we can only improve our level of protection if we understand what those threats are. To be able to disclose to understand who is doing the attacking. As opposed to whom . We disclosed transparency to our customers, our Business Partners and two other people in the security community. At the end of the day, it is not us against our competition for our customers against competition, it is our society against the cyber criminals. Widest sharing that information help you be safer . It is because it is a community that comes together and says we have the same thing happen and we can figure this out together . There are a number of advantages to exercising transparency around the cyber attack. If youre willing to share with another organization, they are willing to share with you. If we see an attacker uses certain technique and we share that with other parties, they know to protect themselves from that technique. We end up stepping up the game and the bar that these criminals have to go through in order to expose organizations. Your business is one of the fastestgrowing parts. I wonder if you are benefiting from some of those trends about going under the cloud and different types of protection that are required. We are the leader in the multiattack authentication. If youre only using a pass or days, you are very exposed. When you use strong authentication whether it is a token or fingerprint or facial recognition or any types of these modern technologies, you really increase the level of protection you afford. Any information you put into any of the sites you interact with. Do you guys feel like the nsa issue that was raised with lots of companies some like rsa cooperated with the government and others finding out that the nsa was in the systems anyway. Is that hurting business . Rsa is very careful. We never do anything to actively degrade the level of security and protection we applied to our customers. One of the fundamental line shifts that is occurring in government i think it is occurring in Technology Organizations should not rely on the government to protect them. It is up to rsa and every Technology Company to protect itself and its infrastructure and not rely on somebody else which might not understand the value of their data or their systems to protect them. The president of rsa. He was with cory johnson. Not everyone is a fan of data sharing between Technology Companies and the federal government. More on the impacts of spying, next. You are watching bloomberg west. We continue our coverage from the white house Cyber Security summit at Stanford University. Cory johnson has more. Cory . Pimm Interesting Times in the world of Cyber Security. That is the point of this, but one company has an working on Cyber Security since the moment it has started up. It is in wrestling with a change in technology as we go from the world of Desktop Computers to the world of phones and such. I sat down with the ceo of symantic to talk about their approach of the new problems posed by separate security. Im pretty pleased the white house did the executive order. It is really getting behind sharing, information sharing because we need a lot of tools to be able to protect society whether it is government corporations or individuals. Sharing is one of the things we need to do to be able to better protect each other. U of known a lot of hacks for a lot of years. Your business is entirely based on that. I feel like the tenor and the purpose of those attacks has dramatically changed particularly with the north korean attack on sony the possible chinese link to the attack on anthem. What is your perspective . We still see the gardenvariety attacks. Hackers of days past they used to be just a nuisance. We are still seeing those but what is catching everybodys attention are these attacks much more persistent, sophisticated because the severity is so much more with those attacks. All of the technology we are focused on today really is how to protect companies and government, people against those attacks. Awareness has never been higher about the risks of businesses towards a cyber attacks. What our companies doing that is making them more vulnerable . I think the Technology Trends we are seeing really create more attack services. You think about the information going to the cloud. There is a much broader surface for attackers to use. They are looking for the easiest way in. These trends that make our lives easier, more convenient are also making our lives more vulnerable. You are saying the place where the attacks of happened is different. That has been an interesting struggle for your co