Executive officer of equifax who held those positions until last week. I understand that youre now serving as an unpaid adviser to the company and appreciate your willingness to testify here and appear and testify about the events surrounding the brief and equifaxs response while you were leading the company. Congress will continue to examine the facts. Cybersecurity is one of the most important issues facing companies as well as consumers and government alike and is one of the biggest threats to our Financial System. The amount of data that the private industry and government collect and store is very concerning. There is intrinsic vulnerability in collecting and storing personal Financial Information, and we need to have a meaningful discussion on how to protect and limit access to it. The Banking Committee takes its oversight of Credit Bureaus seriously. As they are Financial Institutions under the grand leach bliley act. Credit bureaus serve a critical function in our Financial Sys
The government. It is critical that personal data is protected. Consumer impact in the breach is minimized and consumers ability to assess credit is not harmed. Credit bureaus play a valuable role in our Financial System by helping institutions assess a consumers ability to meet financial obligations. And also facilitating access to beneficial Financial Products and services. The inherent nate nature of the business as with most businesses in the digital age, requires utmost Data Security to ensure that sensitive Consumer Information is safeguarded. Two weeks ago, equifax testified about the message it used to protected consumer bases such as encryption. Former equifax ceo Richard Smith noted that while some of equifax s databases are encrypted at rest, the disputed portal that was compromise was not. Questions remain about the best ways to protect sensitive data, including are their Data Security industry standards and best practices that Credit Bureaus . Encryptions like addressed th
Production of consumer data with the Credit Bureau. At equifax hearings we wanted understanding of how Credit Bureaus are regulated and protect data whether there are gaps have long been concerned about the increasing amounts of big Data Collected by companies and by government. Is critical that personal data is collected Consumer Impact is minimized and it is not harmed. The Credit Bureaus play a valuable role to assess a consumers ability and to facilitate access as with most businesses requires the most data secure you that since the of Consumer Information is safeguarded . Two weeks ago they talked about the methods they use to protect their consumer database as encryption and took it is a sham. Richard smith noted while some of the database is ingrafted at rest but that portal that was compromised was the best ways to protect us is the Data Security industry standards and Credit Bureaus. End up with sensitive Consumer Information and what rules the federal agencies play with Data
Used against defendants, it is properly noticed, defendants happened so they can say i had a right to privacy and you violated it by getting this. Flip side, where the government doesnt have to use 702, ordinary powers like they dont have to. It was ase of flynn, if used secretly, that would be a massive problem, i tonight think hat happened with michael flynn. I dont know enough about flynn right now. Waiting with baited breath right now. Host lisa, line for republicans, go ahead. Caller hi, good morning. I agree with your concerns about unfair government spying of process. Ithout due i do dont think it is fair author hat trump has tearian tendencies on this topic, that remains to be seen, with it. Ill do but id like to know what the been doing. Have can you talk about that . They e ive heard that also use technology sometimes to of people,hone calls suspects, lets say, locally, can you talk about that, please . You. Guest thank you, lisa. So the first part about trump, authortarian o
There for you. You cant be there. And everything i see is important. American history tv. All weekend, every weekend, only on cspan3. Sunday night on after words. Over 90 of Sexual Harassment cases end up in settlements. And what does that mean . That means that the woman pretty much never works in her chosen career ever again. And she can never talk about it. Shes gagged. Now how else do we solve Sexual Harassment suits . We put in arbitration clauses in employment contracts, which make it a secret proceeding. So, again, nobody ever finds out about it if you file a complaint. You can never talk about it. Ever. Nobody ever knows what happened to you, and in most cases youre also terminated from the company, and the predator, in many cases, is left to still work in the same position in which he was harassing you. So this is the way our society has decided to resolve Sexual Harassment cases. To gag women so that we can fool everyone else out there that weve come so far in 2017. Former fo