I spoke bluntly about what I had seen in a little over a year as United States Attorney for the Southern District of New York. To the apparent surprise of many in the room, I observed publicly that insider trading appeared to be rampant.

As the United States attorney in Manhattan, I have come to worry about few things as much as the gathering cyber threat.

Unfortunately, from what I can see from my vantage point as the U.S. Attorney here, illegal insider trading is rampant and may even be on the rise.

New York has more hermits than will be found in all the forests, mountains and deserts of the United States.

I think of New York as a puree and the rest of the United States as vegetable soup.

The alarm bells sound regularly: cybergeddon; the next Pearl Harbor; one of the greatest existential threats facing the United States. With increasing frequency, these are the grave terms officials invoke about the menace of cybercrime - and they're not understating the threat.