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