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BP Fights Off Up to 50,000 Cyber-Attacks a Day: CEO

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Published: Wednesday, 6 Mar 2013 | 5:40 PM ET
By: Michael Tomaso
BP CEO Talks Cyber-Attacks
BP CEO Bob Dudley talks about the constant cyber-attacks to BP and how they protect themselves.

Could your business withstand 50,000 cyberattacks a day?

This is among the many questions haunting businesses as they scramble to protect themselves from a constant barrage of domestic and foreign cyberattacks. What's at stake to businesses and the governments they work with in this high-tech warfare is nothing less than the nation's economic security.

As part of CNBC's ongoing special "Hacking America", we're asking top CEOs and cybersecurity experts about the potential damage of cyberattacks, and what businesses and governments can do to protect themselves—and you.

At the IHS CERAWeek Conference in Houston on Wednesday, CNBC spoke to BP CEO Bob Dudley about the persistent cyberthreats that companies like his receive.

"Cybersecurity is a growing issue around the world, not only with companies but with governments," Dudley observed. "We see as many as 50,000 attempts a day like many big companies … to my knowledge we haven't had an incident that's taken away data from us, but we're incredibly vigilant."

(Read More: Cybersecurity: How CEOs are Fighting Back)

Hackers seek to penetrate businesses security systems for an ever growing number of criminal motives, including obtaining intellectual property and economic disruption.

"It's not only the threats inside a company's center of computing, but also it's the equipment, it's the running of facilities around the world that we also have our eye on carefully," Dudley said.

(Read More: Hack Attacks Give Insurance Businesses a Boost)

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At the IHS CERAWeek Conference in Houston on Wednesday, CNBC spoke to BP CEO Bob Dudley about the persistent cyber threats that companies like his receive.
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Contact Hacking America

  • Senior Correspondent Cohn leads CNBC's investigative unit and also appears on "NBC Nightly News," "Today," and MSNBC.

  • Co-anchor of CNBC's "Squawk on the Street," Faber is also a coproducer of CNBC's acclaimed original documentaries.

  • Javers ia a reporter based at CNBC's Washington, D.C. bureau appearing on business day programming and CNBC.com.

Investigations Inc.: Cyber Espionage

  • When a person enters information on a website, like an email or credit card, it gets stored in that company’s data base. Those web-based forms are a simple tool for users, but they are also another way hackers can exploit a company’s system. Instead of inputting a name into the website, cyber spies can put in a specially crafted text that may cause the database to execute the code instead of simply storing it, Alperovitch said. The result is a “malicious takeover of the system,” he said.

    By attacking business computer networks, hackers are accessing company secrets and confidential strategies and creating huge losses for the overall economy.

  • China is working feverishly to counteract its slowest GDP growth in recent years, and one of the ways it’s doing so, say U.S. officials, is through the theft of American corporate secrets.

  • US businesses are enduring an unprecedented onslaught of cyber invasions from foreign governments, organized crime syndicates, and hacker collectives, all seeking to steal information and disrupt services, cybersecurity experts say.

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  • Cloud computing means being able to access the Internet anywhere, anytime and being able to use any or all of the data and applications you want.

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    It's hard to stay out of trouble on the Internet. Even if you avoid sites with questionable content, there are plenty of pitfalls and traps that subtly install programs which then wreak havoc on your computer.

  • The new Sprint HTC Evo 4G smartphone is displayed at the International CTIA Wireless 2010 convention at the Las Vegas Convention Center March 24, 2010 in Las Vegas, Nevada. CTIA is the international association for the wireless telecommunications industry.

    The transition to the next generation of wireless communications is already under way. The latest is called 4G — and all of the carriers are peppering their marketing with the phrase.