Speaker 1: Now it's time for our daily Bloomberg Law Brief, exploring
Speaker 1: legal issues in the news. It's brought to you by
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Speaker 1: R dot org. Today Bloomberg, lahst Jun Grosso and Greg
Speaker 1: Store discussed charges against four people for hacking Yahoo and
Speaker 1: stealing the personal information of hundreds of millions of users
Speaker 1: a S week with Anne McKenna, professor at Penn State
Speaker 1: Law School, and John reads Stark, founder of John Reid
Speaker 1: Stark Consulting and founder of the sec S Office of
Speaker 1: Internet Enforcement. John in the announcement, the government made its
Speaker 1: case to the public that Moscow is orchestrating criminal hacks
Speaker 1: with cyber criminals. Tell us more about the Russian cyber
Speaker 1: spying regime. You know what I read this, I thought,
Speaker 1: like Captain Renaux and Calsablanca. Remember, I'm shocked, shocked to
Speaker 1: find the gambling is going on. This kind of hacking,
Speaker 1: in this kind of scheme is been going on for
Speaker 1: quite some time, dating back to when I was at
Speaker 1: the SEC remember, there have been cyber attacks on the
Speaker 1: federal government dating back that are documented, dating back to
Speaker 1: two thousand nine, two twelves, all over the place, and
Speaker 1: by various different state sponsored terrorist regimes. So I don't
Speaker 1: know that this is anything new, But what's amazing is
Speaker 1: that these people were finally caught, and I think the
Speaker 1: FBI has really got to be commended here. I'm sure
Speaker 1: this investigation took quite some time, and it's the first
Speaker 1: time as far as I can tell, that actual Russian
Speaker 1: intelligence officials were indicted right along with the hackers that
Speaker 1: they had engaged to carry on these acts. And on
Speaker 1: that last point, what is the significance of that, the
Speaker 1: fact that for the first time Russian FSB agents were
Speaker 1: included in an indictment. It's significant just because we've heard
Speaker 1: so much in the news. Our election cycle was filled
Speaker 1: with these, you know, allegations of Russian hacking um and
Speaker 1: interference with the election, and so to see the FBI
Speaker 1: and the Department of Justice come out so clearly with
Speaker 1: you know, very strong charges both based on economic espionage
Speaker 1: for foreign as well as our federal laws for computer
Speaker 1: fraud and abuse, UM, it's really it's significant and it
Speaker 1: shows that you know, they were very careful I'm sure
Speaker 1: before making these charging documents public. It shows that they
Speaker 1: are really ready to back up and and to to
Speaker 1: prosecute this. You know. What's going to be the trick
Speaker 1: here though, is one of the one of the hackers involved,
Speaker 1: has already you know, been on the list to be
Speaker 1: extradited from Russia, and Russia of course has not extra
Speaker 1: extradited that hacker. So what remains to be seen now
Speaker 1: is what's the fallout going to be for US Russian
Speaker 1: relations when US demands extradition of these two FSB officers
Speaker 1: as in McKenna, professor at Penn State Law School and
Speaker 1: John reid Stark, founder of John Reid Stark Consulting and
Speaker 1: founder of the SEC Office of Internet Enforcement, speaking with
Speaker 1: the Bloomberg Law hosting Glossom on Greg's store. You can
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