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NSA: Cybercrime is 'the greatest transfer of wealth in history'

 
Daryl Dixon
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NSA: Cybercrime is 'the greatest transfer of wealth in history'
Summary: The director of the National Security Agency (NSA) has called cybercrime "the greatest transfer of wealth in history." As such, he urged politicians and the American population in general to support cybersecurity legislation being pushed through Congress.

At an American Enterprise Institute (AEI) event on Monday called "Cybersecurity and American power," U.S. Army Gen. Keith B. Alexander called cybercrime "the greatest transfer of wealth in history." The director of the National Security Agency (NSA) and chief at the Central Security Service (CSS) reemphasized an immense problem the U.S. is facing: intellectual property loss via cyber espionage.

I've embedded the full video above. Below are some choice excerpts I found worth underlining.

"In fact, in my opinion, it's the greatest transfer of wealth in history," Alexander said in a statement. "Symantec placed the cost of IP theft to the United States companies in $250 billion a year, global cybercrime at $114 billion annually ($388 billion when you factor in downtime), and McAfee estimates that $1 trillion was spent globally under remediation. And that's our future disappearing in front of us. So, let me put this in context, if I could. We have this tremendous opportunity with the devices that we use. We're going mobile, but they're not secure. Tremendous vulnerabilities. Our companies use these, our kids use these, we use these devices, and they're not secure."

In addition, Alexander insisted that the lack of cybersecurity legislation can no longer continue. He urged politicians to stop delaying the approval of new cybersecurity laws, various proposals for which are currently making their way through Congress.

[link to www.zdnet.com]
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"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
Daryl Dixon (OP)

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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
The money shot:

In addition, Alexander insisted that the lack of cybersecurity legislation can no longer continue. He urged politicians to stop delaying the approval of new cybersecurity laws, various proposals for which are currently making their way through Congress.


Gee, what possible agenda could be at work here?
duh
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"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
Daryl Dixon (OP)

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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
Holy shit, thanks for the warp drive pin mods!

hf
Crossbows: For when guns are too loud, and knives are too personal.

"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
Anonymous Coward
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07/10/2012 08:24 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
I thought the greatest transfer of wealth in history was the super-rich looting gutting the middle classes of all the industrialized nations, selling off industrial capacity, and enriching themselves through casino pseudo-capitalism, rigged markets, etc.
Anonymous Coward
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07/10/2012 08:27 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
BULLSHIT!

Banksters the world over have been in the process of transferring the greatest amount of wealth in history via derivatives.

The NSA is not to be trusted.
Anonymous Coward
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
I thought the greatest transfer of wealth in history was the super-rich looting gutting the middle classes of all the industrialized nations, selling off industrial capacity, and enriching themselves through casino pseudo-capitalism, rigged markets, etc.
 Quoting: Anonymous Coward 1130777


Super rich = banker technocrats
Daryl Dixon (OP)

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07/10/2012 08:36 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
I thought the greatest transfer of wealth in history was the super-rich looting gutting the middle classes of all the industrialized nations, selling off industrial capacity, and enriching themselves through casino pseudo-capitalism, rigged markets, etc.
 Quoting: Anonymous Coward 1130777


That's the second greatest heist.

The first greatest was the replacement of real money with Federal Reserve Notes.
Crossbows: For when guns are too loud, and knives are too personal.

"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
Daryl Dixon (OP)

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07/10/2012 08:37 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
BULLSHIT!

Banksters the world over have been in the process of transferring the greatest amount of wealth in history via derivatives.

The NSA is not to be trusted.
 Quoting: Anonymous Coward 9576861


Derivatives are toys used by theives to steal money from less intelligent thieves.

The real scam was replacing money with debt instruments.

paul
Crossbows: For when guns are too loud, and knives are too personal.

"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
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07/10/2012 08:41 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
cruise

Tell them to look in the mirror.

There is your culprit right there.
Anonymous Coward
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07/10/2012 08:49 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
So Symantec and McAfee are lobbying the government so they can rake in our tax dollars to fight an exaggerated threat.
Daryl Dixon (OP)

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07/10/2012 08:58 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
NSA and CIA have each given this thread 1 star.

cry
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"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
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07/10/2012 09:03 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
Please refer to my thread and comment yesterday on the same issue: Thread: "For every cyber intrusion detected by the FBI, 100 others remain undetected"

If you read more of the article, they mention Al-Queda launching cyber attacks.

I feel like all these things are going to get laws passed that corrupt internet privacy, just as 9/11 is corrupting our privacy elsewhere.

Laws of Deception, I would call them...

 Quoting: Anonymous Coward 18770928
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
I thought the greatest transfer of wealth in history was the super-rich looting gutting the middle classes of all the industrialized nations, selling off industrial capacity, and enriching themselves through casino pseudo-capitalism, rigged markets, etc.
 Quoting: Anonymous Coward 1130777


Hope that includes the big land grab disguised as interest free loans and adjustable rate loans to the sheeple.
Daryl Dixon (OP)

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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
agent bump

Last Edited by Daryl Dixon on 07/10/2012 09:11 PM
Crossbows: For when guns are too loud, and knives are too personal.

"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
FatalW1shes

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07/10/2012 09:13 PM

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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
Symantec and Mcafee are the one's that hired the people to write the viruses and stuff so they could profit in containing them.


It's a scam.
Daryl Dixon (OP)

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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
Symantec and Mcafee are the one's that hired the people to write the viruses and stuff so they could profit in containing them.


It's a scam.
 Quoting: FatalW1shes


No.

DIA and CIA wrote Stuxnet and Flame.
Now, they call for more freedom to be sacrificed to the Feds to protect us from the Feds who are the only actual threat to our freedom.
Crossbows: For when guns are too loud, and knives are too personal.

"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
ScrumpTheTexan
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
Summary: The director of the National Security Agency (NSA) has called cybercrime "the greatest transfer of wealth in history."
 Quoting: Daryl Dixon


fagabama

"So far"

I am a Christian.

Christian does not equal doormat or pushover.

SickOfItAll

"I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800

MedinaD
For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com]
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
I thought the greatest transfer of wealth in history was the super-rich looting gutting the middle classes of all the industrialized nations, selling off industrial capacity, and enriching themselves through casino pseudo-capitalism, rigged markets, etc.
 Quoting: Anonymous Coward 1130777


Hey, both Obama and Romney say there were no financial crimes committed, so there!
Daryl Dixon (OP)

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07/10/2012 10:07 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
Summary: The director of the National Security Agency (NSA) has called cybercrime "the greatest transfer of wealth in history."
 Quoting: Daryl Dixon


fagabama

"So far"

 Quoting: ScrumpTheTexan


dimebang
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"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
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07/10/2012 10:08 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
boo fucking hoo!!

in a civilization that works to benefit 'everyone', this would not be an issue...

**MONEY** is the key factor of 'unequaled' human evolution...
Daryl Dixon (OP)

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07/10/2012 10:09 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
I thought the greatest transfer of wealth in history was the super-rich looting gutting the middle classes of all the industrialized nations, selling off industrial capacity, and enriching themselves through casino pseudo-capitalism, rigged markets, etc.
 Quoting: Anonymous Coward 1130777


Hey, both Obama and Romney say there were no financial crimes committed, so there!
 Quoting: Anonymous Coward 13166822


frankdodd
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
It wont matter if the Economy dumps!

BE PERPARED! SEEDS..MRE'S..AMMO..GUNS..CAMPING GEAR..ETC..ETC..

Dont be without a plan..

OH..The Rothchilds wealth? 500 trillion. if the economy dumps..=0

0= beggars....cuz MONEY WONT BE WORTH WIPING YER ARSE WITH!
Daryl Dixon (OP)

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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
It wont matter if the Economy dumps!

BE PERPARED! SEEDS..MRE'S..AMMO..GUNS..CAMPING GEAR..ETC..ETC..

Dont be without a plan..

OH..The Rothchilds wealth? 500 trillion. if the economy dumps..=0

0= beggars....cuz MONEY WONT BE WORTH WIPING YER ARSE WITH!
 Quoting: Gonviral


yes dimebang
Crossbows: For when guns are too loud, and knives are too personal.

"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
I thought the greatest transfer of wealth in history was the super-rich looting gutting the middle classes of all the industrialized nations, selling off industrial capacity, and enriching themselves through casino pseudo-capitalism, rigged markets, etc.
 Quoting: Anonymous Coward 1130777


That's the second greatest heist.

The first greatest was the replacement of real money with Federal Reserve Notes.
 Quoting: Daryl Dixon


Yes! You guys are so right- was gonna say that. And in fact I was initially thinking perhaps this guy was setting the stage for blaming the next financial crisis on mysterious cyber heists (that presumably weren't traced or documented). But, I think he's saying intellectual property and not finances were stolen, so maybe not. Yeah, cybercrime is a huge deal, but perhaps companies can just take sensitive computers off the larger internet. They can just set up intranets w/ perhaps a few extra computers w/ full internet access for research/email. Actually most people probably already have their own laptop, so could just use those in conjunction w/ intranet only comps at work. Obviously transferring files to customers and collaborators still would involve vulnerability, but at least it's not persistent.
Anonymous Coward
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07/10/2012 10:25 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
take punk rock as an example...real punk, not this quasi 'shit-punk' people dig now-a-days...

the true bands of this movement didn't fuck'n care about money...they despised the money-changers and yet, created this vast movement opposing 'sell-outs'.

Yes, there were some punk bands who sold out, tis the nature of humans, but what the movement originally stood for, was freedom without limitation...and money is the biggest limitation of our existence...

so FUCK OFF to the money-changers...you are promoting stagnant growth of real human thought and ideas by making currency the main goal of real idealist...
Daryl Dixon (OP)

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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
take punk rock as an example...real punk, not this quasi 'shit-punk' people dig now-a-days...

the true bands of this movement didn't fuck'n care about money...they despised the money-changers and yet, created this vast movement opposing 'sell-outs'.

Yes, there were some punk bands who sold out, tis the nature of humans, but what the movement originally stood for, was freedom without limitation...and money is the biggest limitation of our existence...

so FUCK OFF to the money-changers...you are promoting stagnant growth of real human thought and ideas by making currency the main goal of real idealist...
 Quoting: Anonymous Coward 15257059


putin


Crossbows: For when guns are too loud, and knives are too personal.

"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
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07/10/2012 10:29 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
IT'S OFFICIAL THE NSA WORKS FOR THE 1% NOT THE REST OF US.
Anonymous Coward
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07/10/2012 10:31 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
OP is a border-line retard...it must be known
Daryl Dixon (OP)

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07/10/2012 10:33 PM
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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
IT'S OFFICIAL THE NSA WORKS FOR THE 1% NOT THE REST OF US.
 Quoting: Anonymous Coward 7580751


It's official, the 99% are stupid as fuck and worship their slave masters.
Crossbows: For when guns are too loud, and knives are too personal.

"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
Daryl Dixon (OP)

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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
OP is a border-line retard...it must be known
 Quoting: Anonymous Coward 15257059


AC is a retard....way over the border.
Crossbows: For when guns are too loud, and knives are too personal.

"When it started, it was just a couple weird stories on the news...and then it, it was so quick..." - Shane Walsh
Force King

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Re: NSA: Cybercrime is 'the greatest transfer of wealth in history'
cybercrime
This will be how they convince the sheeple that the internet needs to be controlled
PERFECT

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