Syria Situation Sparks Concern Over Cyber Threats

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Aug. 30 (Bloomberg) – Atlantic Council VP and Director Michele Dunne and Trend Micro VP of Cybersecurity Tom Kellerman discuss the outlook for cyber threats that could follow any U.S. military action in Syria . They speak with Deirdre Bolton on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Use of chemical weapons on its own people.

The administration released the report on paper.

Kerry was talking for about 20 minutes at the state department, summarizing the intelligence.

The report makes its conclusion based on satellite images, communication intercepts, other intelligence tools.

It says 1429 people were killed.

The communications of a senior official confirmed that the regime knew of the attack.

Kerry spoke for about 20 minutes, laying out the moral case for action at a time that the u.s. is having a hard time finding international partners to go along with a military strike.

The ministration tries to sell this not only to a reluctant a skeptical congress, but nation.

He talked about that, and the ghost of iraq as well to some extent.

Our intelligence community has carefully reviewed and rewritten you'd information regarding this attack.

I will tell you, it has done so more than mindful of the iraq experience.

We will not repeat that moment.

And again, the past is a big factor, as the administration decides what to do here.

No firm commitment that the u.s. will act, but certainly this makes the case for action, john kerry stepping up to make this case.

The decision ultimately will rest with the president.

There are many factors here, such as congressional approval and consultation.

Those efforts continue right now.

The big question is not so much exactly what we know about the case for going in here, but what would be the end result if the u.s. does take military action.

Can members of the public and congress be convinced to take this action now?

What about the legal standpoint?

If the un security council does not authorize action and the u.s. has to prove it acted in self-defense, right?

These are the norms of the u.n. as we effort from john kerry and others, they're prepared to act without u.n. approval if necessary.

Cosa vote the parallel they point to -- kosovo is the parallel they point to.

I think the biggest mind -- question, what are the ramifications down the road?

The u.s. not taking action given that red line being put down, as kerry pointed out.

Peter cook with us from d.c. president obama will be speaking soon, we expect in the next 10 minutes, on syria.

We will bring you his comments live.

We are going to continue on the scene.

We bring in our expert roundtable.

Michelle done, director of the center for middle east and atlantic council.

Cybersecurity expert tom kellerman is joining us from tenant -- trend micro.

We were just talking about the legality of actions.

Will the u.s. need to prove that it acted in self-defense, or is there another way around if the u.n. decides to act -- u.s. decides to act?

Secretary kerry said some interesting things about broadening the case far beyond syria, saying what the u.s. does here and whether it takes action after syria has used chemical weapons has implications for iran, north korea, other regimes like this who have or may obtain nuclear weapons, and feel empowered to do so or even to use them should the u.s. not show resolve in this situation.

What we heard from secretary kerry was not so much a legal justification, but a national security justification that goes well beyond dealing with the conflict in syria.

Tom, i want to bring you in on this point and this idea of conflicts around the world.

To what extent are u.s. interests at risk?

We spoke earlier in the week about "the new york times" site being hacked, twitter being hacked.

What does this conflict mean to the world of cybersecurity?

Cyberspace is the new reality.

There is a lack of solvent borders.

We see asymmetrical threats manifest in cyberspace as a result of the impending strike.

We should be concerned about the strikes against major media outlets.

We talked a lot about media companies, but basically, every single corporation and u.s. government are also vulnerable in their systems, right?

Yes, as well as the reality that cyber attacks can manifest physical harm to critical infrastructure, to humanity itself.

When we launch these impending missile strikes, the gloves will come off of the syria n electronic army anderson divisors.

We will see a troop isolation -- ture isolation -- true isolation.

I'm just curious, from your point of view, to what extent do you think our allies are afraid of the u.s. being too aggressive, particularly after what happened in a rack -- iraq?

In some cases, particularly with the arab allies, saudi arabia, who have wanted the u.s. to act in syria -- they're afraid of the u.s. not being aggressive enough.

It is clear that president obama is trying to right size this response.

He did not want to provoke a response, whether from syria or iran or russia.

He's trying to have a response that would send a signal about the acceptability of the use of weapons of mass destruction -- inacceptability of the use of weapons of mass destruction.

There really are different views.

For turkey and some of the arab states, they're afraid that the u.s. will provoke things without bringing about any decisive change in the syrian conflict.

One of the risks that the u.s. gets into, a proxy war -- what are the risks that the u.s. gets into a proxy war with russia?

In essence, there has been something like that going on.

The russian government has been stalled worley -- stalwartly defending the syrian government.

This has been going on.

The chances of a direct u.s.- russian conflict over syria are much lower.

As far as the u.s.'s relationship and increasing tension with russia and what that means on the cybersecurity front, how likely is this tension to be aggravated?

It seems high.

Let's be real.

Over the last two years, eastern european hacker groups have been the most prolific in the underground and cyberspace.

Most of the weaponry and cyber capabilities like the syrian electronic army have been distributed by russia and eastern europeans.

There is a proxy war going on in cyberspace now, with nonstate actors that are beholden to eastern european regimes and are targeting u.s. organizations.

We are going to hear what the president says in about five or 10 minutes posture free time.

-- minutes' free time.

Thank you, michele dunn, and tom kellerman.

One of the experts behind netflix and others will be joining us.

He has a spot on track record.

Find out where he is investing right now.

If you have ever wanted to organize a scavenger hunt for your friends, we will tell you about an app.

? welcome back to "money moves ." we are expecting to hear from president obama on syria shortly.

We will bring you his comments as soon as he starts.

Our next guest founded red point ventures in 1999, manages $3.4 billion, has been involved in a -- 120 ipos.

Glad to have you with us.

Netflix, tivo among your investments.

It is a much longer list.

What are you looking at now?

We have a couple of core themes.

The first involves the consumer, the changing nature of entertainment.

If you look at it in a world where music, prince, tv and film all move to the digital world, there's going to be new points of distribution as well as content.

If you look at the over the top market for content over the internet , there is a significant number of people -- 50% over the last four years your households who get their content and information over the internet, which represented an $8 billion market that grew 60% year-over- year.

That creates a lot of opportunities here and the body such as netflix -- opportunities here.

Companies such as netflix offer those opportunities.

Most of the users are 35 and under.

That is like the next generation of, espn does discovery.

You have companies like scribble on the print side -- scribb on the print side.

That is on the consumer side.

On the corporate side, there's a lot of change going on.

People inside corporate walls want to get the same reliability, same services, same costs and type of information that consumers get on the internet.

There is a major shift going to cloud services and on-demand infrastructure, which represents the first major architectural shift in the corporate i.t. space, which is a $3.8 trillion- a-year market.

We're in the early stages of that.

How many years behind consumer advances is the enterprise, the corporate world, right now?

How long will it take the corporate world to catch up?

It could be a 10-year cycle, upgrade cycle.

We are probably only in year three or four.

We are still very early on.

That is why you see enormous valuations of public companies trading in the space as well, very big acquisition prices.

We expect that will go on for several more years.

This is a major shift.

It is a major shift.

You are seeing investing, and you are doing investing at all kinds of levels in companies, chronologies.

You have seed stage, growth stage.

Where are you putting your money to work?

Is there a timeline points that you feel you can get the most bang for the buck?

I think right now, a lot of companies are working in evaluations and the public market.

What happens then is that the valuations on later stage and growth stage companies are extremely high.

Very early stage, primarily seed and first-round, are the most attractive.

Our markets are growing through significant growth and a lot of disruption.

Investment across all the stages look pretty attractive, although very pricey, particularly at the later stages right now.

What do you think about this idea of the series a squeeze?

You have been in the business for a long time.

I have heard of the pros and cons.

Where do you weigh in?

I'm sorry, i did not hear.

The series a squeeze.

There will always be a market for series a companies.

The squeeze is, you get a lot of angels coming in and providing seed capital where it used to be the institutional firms like ours providing the seed.

There's a lot of ideas and opportunities.

We view as many people spreading seeds that we can come in and provide additional rounds and investing things is very positive.

We are still very active in the seed market.

Thank you very much for the time, and for being with us.

Geoff yang, founder and partner at red point ventures.

When we come back, and urban -- an urban app that makes discovering cities a little more fun.

We will keep you updated on the very latest, what is going on with syria.

President obama expected to be speaking shortly.

We will bring you his comments as soon as he starts.

We will introduce you to a fitness expert who counts the usc among one of his clients.

? i'm here with my next guest, who is disrupt in the tourism industry with a mobile app.

It is called stray boots, currently active in 14 u.s. cities and london.

Joining me is the cofounder and ceo.

This is pretty cool.

This is tourism, but definitely 2.0. how did you come up with the idea?

I was traveling myself in rome with my family a few years ago.

We were visiting all the amazing sights.

It struck me how passive existing modes of traveling are.

Whether it is a guidebook or calling it tour guide around, you're really not interacting.

You are just listening almost to a history lecture.

You and your sister must have been plotting, because she's the other cofounder?

There is three of us.

My sister is in charge of our technology from the ground up.

I'm lucky to have her.

What is your revenue model?

Do people sign up their friends and get a discount?

We went with a simple model of pay to play.

Every tour has a dollar amount you have to pay to play.

It is two dollars to $12. you're really paying for entertainment.

What kind of things -- you mentioned rome.

We try to make it not overly touristy, and we have been fortunate to have over 55% of our customers be local.

An example of a challenge might be, the man under $10 bill is buried in a cemetery nearby -- on your $10 bill is buried in a cemetery nearby.

That is pretty cool.

Is there time -- are you competing for time as well?

The value is not just playing the game, it's learning about the city.

It's the same value you would get out of a tour, but it is on your own schedule and a lot more interactive and engaging.

You have caught the ifm investments as well.

-- ism investors as well.

Did they catch on right away?

I think when they saw that people have been paying for it, and the engagement levels we drive is what got them excited, we just recently sold our

This text has been automatically generated. It may not be 100% accurate.


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