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Speaker 1: Now it's time for our daily Bloomberg Law Brieve, exploring

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Speaker 1: legal issues in the news, brought to you by American

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Speaker 1: Arbitration Association, International Trade or Business Dispute Result Faster with

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Speaker 1: the International Center for Dispute Resolution, the leader in alternative

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Speaker 1: dispute resolution around the world i c d R dot org. Today,

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Speaker 1: Bloomberg Law hosts Tun Grassoe and Michael Best discuss Wiki

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Speaker 1: League reports on ci A cyber hacking, which, if true,

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Speaker 1: show that the CIA can use personal technology devices to

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Speaker 1: eavesdrop on users. They speak to Stephen Letock, a professor

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Speaker 1: at the University of Texas School of Law, and William Banks,

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Speaker 1: director of the Institute for National Security and counter Terrorism

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Speaker 1: at Syracuse University College of Law. Stephen a blogger. Nicholas Weaver,

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Speaker 1: a security researcher at the International Computer Science Institute in Berkeley, said,

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Speaker 1: the story here isn't that the CIA hacks people. Of

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Speaker 1: course they do. Taxpayers would be right to be annoyed

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Speaker 1: if that warrant the case. Do you agree with that?

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Speaker 1: I do? I mean, I think part of the real

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Speaker 1: story here is, as Bill suggests, the remarkable fact that

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Speaker 1: WikiLeaks was able to get its hands on if these

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Speaker 1: are all accurate over eight thousand documents. This is just

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Speaker 1: the first of what's promised to be six or seven

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Speaker 1: different disclosures. But John also, I think it's not a

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Speaker 1: surprise that the CIA has the ability to do this.

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Speaker 1: I think the surprise is, if this holds up, if

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Speaker 1: these are really authentic, just how widespread and comprehensive um

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Speaker 1: the CIA's toolkit is, and basically just how able the

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Speaker 1: CIA is to defeat um or if not defeat at

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Speaker 1: least bypass um, just about all of the security measures

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Speaker 1: that many of us have even started to take, from

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Speaker 1: granting on our phones, on our computers, on our televisions,

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Speaker 1: in our cars. Um. If they're really this easy to

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Speaker 1: defeat by the CIA, it makes you wonder, you know,

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Speaker 1: who else could could manipulate those capabilities for for mischief? Well, Bill,

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Speaker 1: what is the danger here in terms of what other entities,

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Speaker 1: other countries, other hackers might be able to do with

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Speaker 1: the intra nation that WikiLeaks has put out. It's a

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Speaker 1: real danger. That's a good question. I mean, so the

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Speaker 1: CIA needs to share what it's known about these vulnerabilities

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Speaker 1: with the companies that are impacted. You know that the

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Speaker 1: apples and the and the other companies that make the

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Speaker 1: devices that we all use need to do a whole

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Speaker 1: bunch of a patches here as quickly as they can,

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Speaker 1: which will just lead to the next generation of vulnerabilities.

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Speaker 1: Of course, this is serve a cat and mouse game. Uh.

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Speaker 1: The offense has always been ahead of the defense in

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Speaker 1: this world, as this example illustrates, and now that there

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Speaker 1: will be a period where where we'll have to be

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Speaker 1: playing catchup. CIA has lost a tremendous amount of their

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Speaker 1: capabilities here and they're gonna have to rebuild those as well,

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Speaker 1: apart from working hard to shore up their operational security.

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Speaker 1: And that is William Banks, director of the Institute for

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Speaker 1: National Security and counter Terrorism at Syracuse University College of Law,

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Speaker 1: and Stephen Vladdock, a professor at the University of Texas

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Speaker 1: School of Law, speaking to Bloomberg, Lahoe, Stun Grasso, and

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Speaker 1: Michael Best. You can listen to Bloomberg Law weekdays at

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Speaker 1: one pm Wall Street Time here on Bloomberg Radio and Now.

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Speaker 1: Among the top legal stories from Bloomberg Law, shareholders are

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Speaker 1: suing a Yahoo and Verizon over a massive data breach.

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Speaker 1: The suit claims that senior executives at Yahoo knew about

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Speaker 1: the hack attack Ineen, but didn't disclose it until last September.

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Speaker 1: That was two months after Yahoo's proposed acquisition by Verizon.

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Speaker 1: After Yahoo announced the breach, the two companies negotiated as

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Speaker 1: three hundred fifty million dollar reduction in its purchase price.

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Speaker 1: No response to the lawsuit yet from either company. It's

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Speaker 1: being called South Korea's Trial of the century. Samsung vice

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Speaker 1: chairman j Y Lee went on trial in Soul today.

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Speaker 1: Prosecutors will try to prove the billionaire conspired to pay

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Speaker 1: millions to a confidant of South Korea's president to secure

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Speaker 1: control of the world's largest smartphone maker. Lee has denied

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Speaker 1: any wrongdoing. As this morning's bloom Law Brief, you can

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Speaker 1: find more illegal news at Bloomberg Law dot com and

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Speaker 1: Bloomberg BNA dot com. Attorneys will find exceptional legal research

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Speaker 1: and business development tools there as well. Visit Bloomberg Law

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Speaker 1: dot com and Bloomberg BNA dot com for more information.