Ways to improve cyberSecurity Issues for the Energy Sector. Witnesses stressed the importance of protecting the Us Energy Grid and what the government can do now to help prepare for potential attacks, held by the Senate Energy committee, this is almost two hours. Good morning, the committee will come to order. We are here this morning to examine federal and industry efforts to improve the cybersecurity of the Energy Sector including efforts to improve collaboration on Cyber Security and Critical Infrastructure protection initiatives. It has been more than a year since we last held a hearing on cybersecurity for the Energy Sector but it is fair to say this is always a timely topic. A critical priority we cant lose sight of even as we grapple with covid19, which becomes the source of our next national crisis. There have been a few noteworthy developments since our last year. Earlier this year the president issued an executive order focused on securing our system from the cyber and physic
Good morning, mr. Chairman. I think the witnesses for coming this morning. An incredibly issue an incredibly important issue we need to care about and make a policy on. Your meeting to discuss the state of cybersecurity and the grid and the continuing threats facing Americas Energy infrastructure. We continue to see increasing threats to the grid originating both at home and abroad. And glad to see the doe firm and others taking steps. Our energy grid serves as the backbone to our economy, Touching Every aspect are our lives every aspect of our lives. Reliable grid is crucial to the National Security and a clean energy future. For lawmakers to enable innovative advancements that we can improve the security and reliability of our electric grid, we must work on a bipartisan basis. And, actively engage with leaders as we are doing today. The modernization and innovation of our Energy Infrastructure is already underway. What was once a oneway Delivery System has evolved to a Dynamic Networ
By government, confusion among the public and even confusion among the professionals. This is no different than when we were introducing paper money when the United States was going to paper money folks could be rolling out all sorts of different dollars. The greenback was the federal government trying to come in and thats why we have the secret service. They rolled it back in the 1860s and the secret service was there to nick sure this was the one currency that we had about the different banks could be printing their own u. S. Dollars. And we had lots of other confusions when we rolled out the instruments. The archery stocks. They were in this piece of paper entitles you to a portion of this company. Just like we had Security Issues for thi bitcoin, the stock certificates saw all sorts as one of the classic incidences. I watch a lot of Turner Classic Movies and it seems like every other movie is about someone perpetuating some stock fraud. I worked in hong kong for a while and you wou
Providers to negotiate on a much broader basis . Thats part of the dynamic change in the world were living in. Thank you. My time is expired. Thank you, madam chair. Senator bloomenthal had one followup question, and senator franken and i will leave my questions to the end. I much appreciate that, madam chairman, and thanks also to senator franken. Just a quick question. You and i agree that the cost of sports programming are rising, in fact. They are rising astronomically and should better reflect consumer demand. Really arent consumers the best judge of what a fair price for programming should be and wouldnt prices come down if they had more choice, specifically the way to break this cycle of ever increasing costs for sports programming instead of give consumers some more choice through ala carte programming, and i wonder if you could comment on the potential effects of disciplining the market and bringing down the costs of cable as a result of ala carte. Thank you. I truly believe y
Ingenious developers, even smarter than me, who will create something that would just be able to make crypto currencies something that everybody would want and everybody could use. Spent i been skeptical in the brodom broader term. Look at what weve been going through this last week on ssl. Its open source, people and look at this standard for years and years and years to the internet is fundamentally insecure. At almost every level, even those places that have had a lot of scrutiny. So if crypto currencies are going across, theyve got a lot stacked against them. Dollars at the end of the day, you can have counterfeiting, that happens. You can have inflation to it tends being an issue we can get past backed by the full faith a United States government. Or whatever whatever government. When you have easy to problems in wednesdays crypto currencies, its more difficult to get past. Its 51 of miners agree on something, you can make changes to the standards in ways that allows power and ene