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Growing China cyber threat from smart-home devices

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NEIL: BUDDY, THANK YOU FOR BREAKING ALL THE NEWS HE IS CONSTANT, MORE NEWS WE'LL FOLLOW VERY CLOSELY

PEOPLE TEND TO THINK THAT THE RUSSIANS WERE INVOLVED IN THE LAST ELECTION THEY WILL BE INVOLVED IN THIS ELECTION OUR NEXT GUEST SAYS YOU KNOW, WHATEVER YOU THINK ABOUT RUSSIA, WORRY MORE ABOUT CHINA BUSH 43 WRITER NED RYUN HE IS WATCHING CLOSELY

UNCANNILY PRESCIENT ABOUT A ATTENTION NED, WHAT ARE YOU SAYING HERE? WHAT? >> I'M SAYING NEIL, I WROTE A PIECE FOR FOX NEWS LAST WEEK I SAID WE SHOULD THINK ABOUT SMART HOME DEVICES AND INTERNET OF STOP ANYTIME SOON THERE ARE EIGHT BILLION RIGHT NOW GOING TO 20 BILLION BY 2020 ACCORDING TO SOME ESTIMATES ONE ESTIMATE SAID 70% OF THE AMERICAN HOMES, 2025, WILL HAVE SMART HOME INTERNET OF THINGS DEVICE

SMART FRIDGE, SMART THERMOSTAT, ALL THESE THINGS AND I THINK THE QUESTION WE NEED TO ASK OURSELVES, THESE DEVRYS ARE GREAT, MAKE OUR LIFE BETTER, WHERE IS ALL THE DATA GOING BEING COLLECTED BY THESE DEVICES WHO ARE THEY PLUGGED INTO AND WHO IS OWNING THE PLATFORM NEIL: HOW DO YOU KNOW THE CHINESE DO? PLATFORMS IS OFFSHOOT OF ALIBABA TULIA, THEY GET 300 MILLION MORE IN NEW ROUND OF FUNDING WE NEED TO START ASKING WHERE ARE OUR DEVICES BEING PLUGGED DEVICE MY APPLIANCE IS PLUGGED INTO, BECAUSE THEY'RE BEING OPEN YOUR DATA MIGHT BE ACCESSED BY THIRD PARTIES YOUR DATA MIGHT BE STORED IN OVERSEAS FACILITIES MIGHT BE IN DISCLAIMER LANGUAGE

CHINA IS TRYING TO DISPLACE US AT THE CENTER OF THE WORLD ECONOMY THEY WANT TO COMPETE WITH US WHAT ARE WE DOING WITH THE PRIVATE DATA OF AMERICAN CITIZENS WE NEED TO ASK DO WE WANT THE WORLD'S LARGEST AUTHORITARIAN POLICE STATE HAVING POTENTIAL ACCESS TO OUR PRIVATE DATA BECAUSE THEY HAVE A CLOSE RELATIONSHIP WITH A PLATFORM CONTROLLED BY CHINESE NATIONALS? I THINK IT'S A QUESTION WE HAVE SO START TALKING ABOUT AGENDAS

THAT WORRIES ME >> THAT'S RIGHT IT SHOULD WORRY US I THINK AGAIN AS WE MOVE FORWARD, THIS TREND IS GOING TO 20 BILLION OF THESE DEVICES IN THE NEXT COUPLE YEARS OVERWHELMING MAJORITY OF AMERICANS HAVE SOMETHING LIKE THIS IN THEIR HOMES

WHERE IS ALL THIS GOING? I THINK PART OF THESE CONVERSATIONS WE'RE HAVING WITH THE CHINESE WE NEED TO START TALKING ABOUT WAIT A MINUTE, WE'RE NOT COMFORTABLE WHERE THE DATA IS GOING WE WANT TO ENCOURAGE AMERICAN CONSUMERS, BUT MORE IMPORTANTLY AMERICAN RETAILERS TO BE SELLING DEVICES PLUGGED INTO AMERICAN-CONTROLLED PLATFORMS THIS IS A TREND THAT WE'LL HAVE TO START TALKING ABOUT A LOT KNOWLEDGE IS POWER I DON'T WANT TO BE HANDING OVER MY DATE TO PLATFORMS CONTROLLED BY CHINESE NATIONALS NEIL: THEY WILL DENY THAT THEY WILL DENY THEY RIG THEIR CURRENCY OR RIG THEIR MARKETS TO DO ANYTHING TO PRESSURE U

S >> OF COURSE NEIL: THEY HAVE A LONG HISTORY OF DENYING STUFF LIKE THIS I DON'T SEE THAT CHANGING >> BUT THEY'RE BEING VERY OPEN ABOUT THIS, NEIL

THIS IS ONE OF THE THINGS I STARTED ASKING QUESTIONS, DOING RESEARCH, TUA IS NOT BEING SHY ABOUT IT THEY'RE DOING THAT IN THE DISCLAIMER LANGUAGE YOUR DATA IS BEING ACCESSED BY THIRD PARTIES, MIGHT BE STORED OVERSEAS HARD TO ESTIMATE HOW MANY DEVICES PLUGGED INTO TUA RIGHT NOW, BUT WHEN YOU GET $300 MILLION OF NEW FINANCING THEY RECENTLY GOT, THEY WILL WE NEED TO ASK QUESTIONS WHEN SOMEBODY GOES TO RETAILER, TARGET, WALMART, BEST BUY, START ASKING QUESTIONS WHERE IS THIS BEING PLUG UNDERSTOOD

IF YOU HAVE TO PAY A DOLLAR MORE PLUGGED INTO AMERICAN IOT PLATFORM, IT WORTH THE MONEY NEIL: IGNORANCE CAN BE DANGEROUSLY BLISSFUL THANK YOU VERY MUCH, MY FRIEND NED RYUN FOLLOWING THIS STUFF

WAY AHEAD OF THE CURVE IT'S A LEGITIMATE CONCERN, WHETHER YOU WANT TO POLITICIZE

Source: Youtube

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