And history across america . We will take you live do a house subcommittee hearing on Cyber Attacks that have affected Healthcare Systems and we will hear from the ceo of United Health group which experienced a cyber attack. It will now come to order in the chair recognizes himself for a fiveminute Opening Statement in todays hearing is about what likely is the most consequential cyber attack and healthcare history and how could Something Like this happen . How did consolidation in a Health Insurance industry reach such a state that a single Ransomware Attack on one company crippled the flow of payments and claims for months and it was subject to the Cyber Security attack and it operates the largest electronic data interchange clearinghouse in the nation with 50 of u. S. Medical claims passthrough or touch this making it an essential link between providers and insurers and a Single Company having this much medical claims Processing Market share makes them a large target for bad actors
Pushed the dow into negative territory for the year. Joining the russell 2000 at this point. You got the dow industrials under pretty severe pressure. The s p and nasdaq up by 10 and 25 for the year, respectively. But they have seen their gains whittled away over the last several sessions too. The vix hitting its highest level since the turmoil in the regional banks earlier this year touched at about 20. Havent seen that in a while. Gr granted this is not the serious fear factor you get into, but we had an incredibly low vix for quite a while. Youre going to see that elevation, concerns about what happens next and people asking what are the odds of a Government Shutdown come november 17th. Thats the new deadline that is there and without a speaker of the house at this point, those odds jumped significantly. You also see that playing out in the treasury market where the yields pretty much across the board hitting the highest level since 2007 once again. You got the tenyear now at 4. 815
Risks for those mining it. Also in china we ask entrepreneurs why theyre choosing to invest in Environmental Technologies. But first me an ma is a multiethnic nation with eight launch ethnic groups a new mre smaller ones two thirds of its citizens of maize coexistence within the country isnt always peaceful as the plight of the muslim or hinge it shows tens of thousands of rangers who fled to neighboring countries like india and bangladesh into an uncertain future. In man miles northern catching province another conflict rages on this one is about Natural Resources kuching is home to vos supplies of jade. Like a torrent of rubble and screen armed with. Picks and hammers the workers begin their search. Where in the jade hills of myanmar in catching state in the north east of the country sam is a teacher hes hoping for a find that will make him rich did you find anything today. Father says he found two stones. Its his lucky day. You know. Men from all over the country flock here to the e
Thank you. [applause] how lucky are we . I think i may be the first moderator in this programs history who has the joy of saying that she has the joy of being on this panel. So im going to try to make you proud. Heres what we are going to do. We will take a walk through their history and perspective from the tenures to see if we cant bounce back and forth. First question for each of you. Can you look at us when you address us back yes sir. [laughter] i love that. The first question for each of you what i is the greatest threr issue that consumed your tenure and what do you see the greatest threat or issue facing the nation today from the security perspective . Its one of the challenges that i had when i was the director. It did not highlight just what the cia did for so many years to keep this country safe, so that consumed a lot of my time and i think there was a lot of partisanship that went into that. One of the challenges i faced in this administration is facing is there are so man
Speefive. The committee will come to order it as we hear testimony from a the ceo from equifax that held those positions until last week i understand you are now an unpaid advisor to the company that we appreciate your willingness to testify here about the events surrounding the breach and equifax response what you were leading the company. Given the severity congress will continue to examine the facts and what can be done to prevent similar situations cyber securities one of the most pressing issues facing Companies Consumers and governments alike is one of the biggest threats to the Financial System the amount of data us the industry collective stores very concerning intrinsic vulnerability collecting and storing personal information when you have the Banking Committee takes the oversight seriously and Financial Institutions Credit Bureau serves the critical function to be a daily part of every americans intersect and get credit cards and car loans and mortgages and other items such