>> We see borders as obstacles, whereas criminals see them as opportunities. But together, we must continue to work towards an international standard for cybercrime, and we must continue to press forward country by country and company by company. In recent years, we have investigated a number of cases where financial institutions have been breached with losses in the tens of millions. And you've likely heard about a recent global bank heist, where the hackers broke through and encrypted system to steal account numbers and pin codes. They created more than 400 fake ATM cards and recruited hundreds of mules from around the world. In just 24 hours and roughly 280 cities, they stole nearly $10 million. And the loss was limited only by the number of mules and the cash in the ATM machines. This was a revolutionary attack in terms of its sophistication and success, but our approach to finding those responsible was revolutionary as well. First and foremost, the company came forward quickly, which was of great help to us. We deployed a mobile FBI Cyber Action Team, a highly trained group of agents, analysts and experts in both computer forensics and malicious code. These teams travel the world on a moment's notice to respond to fastmoving cyber threats, such as this one. We worked closely with our counterparts here at home and overseas to investigate the attack, and we alerted our private sector partners to the potential danger so they could make the necessary patches. And today, as a result of those efforts, the top three hackers behind this attack are in custody in Eastern Europe. But the simple truth is, if this company had not come forward, we would not have been able to stop these individuals from hitting the next victim. This is where we can be of value, not just in finding these criminals, but in making certain they cannot get to you in the first place. And if we cannot prevent every attack, we must stop them from striking again and again. And to do that, we need your help. So let me, again, emphasize the importance of private sector partnerships. Historically, there has been a dichotomy between network security, on the one hand, and the investigator process on the other. It has been the great divide between us, but it needn't be. We, in the FBI, understand that you have practical concerns about reporting breaches of security. You may believe that notifying the authorities will harm your competitive position. You may have privacy concerns, or you may think that the information flows just one way, and that is to us. I can tell you we do not want you to feel victimized a second time by an investigation. And we know that putting on gray jackets, courting the media and shutting down your systems is not the best way to get the job done. We will minimize the disruption to your business. We will safeguard your privacy and your data. And where necessary, we will seek protective orders to preserve trade secrets and business confidentiality. And we will share with you what we can and as quickly as we can about the means and the methods of the attack. As an example, we recently worked with our partners in the financial sector to draft an intelligence report on threat patterns in certain banking transactions. And we shared that report with more than 4,000 partners. And together, we worked to limit the breadth and the scope of this potential threat. We closed the door to countless hackers. And please remember that for every investigation in the news, there are hundreds that will never make the headlines. And we are generally behind the scenes working to find those responsible, and disclosure is the exception, not the rule.
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