Lawmaker: Cyberattacks Against US Getting Worse

By: AP Email

Posted: Sun 11:52 AM, Feb 10, 2013

WASHINGTON (AP) - The chairman of the House Intelligence Committee says the U.S. is vulnerable to cyberattacks that could shut down financial services or destroy information that companies need for daily operations.

Rep. Mike Rogers says 95 percent of private sector networks are vulnerable.

What's being stolen? Personal identities, Social Security numbers, money from banks, blueprints for next-generation jobs. At risk are private companies and public agencies.

The Michigan Republican says hackers have stepped up attacks since the fall, and he points to China and Iran.

Rogers tells CBS' "Face the Nation" that the U.S. government has, essentially "set up lawn chairs, told the burglars where the silver is ... and opened the case of beer and watched them do it."

Bloomberg Advises Grads on Immigration Reform

Comments are posted from viewers like you and do not always reflect the views of this station.

US Business News

Wal-Mart Plays Catch-Up With Amazon
Wal-Mart is creating a vast new logistics system that includes building warehouses for Web orders, but also uses workers in stores to pack and mail items to customers.
Dish Network Drops Pursuit of Sprint
Dish Network said it won't submit a new offer for Sprint Nextel by its Tuesday deadline, a move that appears to clear the way for the third largest U.S. wireless carrier to be bought by SoftBank of Japan.
Speedy Traders in Talks on Tie-Up
Two of the largest independent U.S. high-frequency-trading firms are in early merger discussions, as a downturn in trading opportunities has spurred cutbacks and tie-up talks among rivals
Icahn Raises Dell Stake, Urges Tender Offer
Carl Icahn called for Dell to launch a tender offer for up to $16 billion of its shares, and he also bought about 72 million shares, making him the second-largest holder in the company.
United Adds to Elite-Flier Requirements
United Airlines said it would add a minimum annual spending level that passengers will have to meet to qualify for elite frequent-flier status.
Alcatel to Overhaul Finances
Alcatel-Lucent on Wednesday plans to announce steps aimed at increasing its financial flexibility and the efficiency of its loss-plagued operations, according to people familiar with the matter.
Boeing 787 Makes Unscheduled Landing
A Boeing 787 Dreamliner operated by United Airlines of a flight from Denver to Tokyo made an unscheduled landing in Seattle because of an apparent problem with an engine oil filter. There was no fire.
Funding Values Fab at Over $1 Billion
Two-year-old design website Fab is now worth more than $1 billion, thanks to a $150 million venture-capital round led in part by Chinese Internet conglomerate Tencent Holdings.
In San Diego, Politics and Real Estate Mix
A San Diego-appointed panel last year picked Cassidy Turley to renegotiate city office leases, but the new mayor in April gave the job to a well-connected local broker, rankling some. The city this week signed a new lease for a lower rate.
ManpowerGroup CEO: What's Next for Hiring
The corporate sector's appetite for temporary staff hasn't translated into big gains for ManpowerGroup: CEO Jeffrey A. Joerres blames conditions in Europe and cites his decision to hold the line on prices.