In the United States, we are Internet dependent. Our financial systems, power grids, telecommunications, water supplies, flight controls and military communications are all online – making them vulnerable to countless attacks by cyber criminals. The goal could be a 10-minute blackout, an attack on our national security, a stock trading glitch or the theft of millions of dollars worth of intellectual property. The FBI has recently made cyber crime a number one priority, one that costs the U.S. an estimated trillion dollars a year. CNBC’s “Code Wars”, hosted by Melissa Lee, takes you onto the frontlines of the war on cyber. Cyber attacks are almost impossible to trace, making cyber crime and acts of cyber warfare the ultimate anonymous crime. So how do we protect our systems whose components are largely manufactured abroad? Can our nation’s infrastructure be protected from cyber attacks? And how can the U.S. win a war in which conventional rules of combat do not apply? CNBC tackles the tough questions in “Code Wars: America’s Cyber Threat.” Click here to watch the Preview.
BUSINESS WEEK – In the early morning hours of May 24, an armed burglar wearing a ski mask broke into the offices of Nicira Networks, a Silicon Valley startup housed in one of the countless nondescript buildings along Highway 101. He walked past desks littered with laptops and headed straight toward the cubicle of one of the company’s top engineers. The assailant appeared to know exactly what he wanted, which was a bulky computer that stored Nicira’s source code. He grabbed the one machine and fled. The whole operation lasted five minutes, according to video captured on an employee’s webcam. Palo Alto Police Sergeant Dave Flohr describes the burglary as a run-of-the-mill Silicon Valley computer grab. “There are lots of knuckleheads out there that take what they can and leave,” he says. But two people close to the company say that they, as well as national intelligence investigators now looking into the case, suspect something more sinister: a professional heist performed by someone with ties to China or Russia. The burglar didn’t want a computer he could sell on Craigslist. He wanted Nicira’s ideas. Click here to read the rest of the story by Michael Riley and Ashlee Vance.
The Pentagon, the IMF, Google, and others have been hacked. It’s war out there, and a cyber-weapons industry is exploding to arm the combatants