Will go back to the auditorium at the Cato Institute for the 2019 cato surveillance conference. Senior fellow, thank you both to those watching at home for joining us. As i mentioned at the start of the conference we focused on issues of surveillance oversight and this years conference or this morning you heard about an array of institutions and entities and persons who work to oversee the secret use of intelligence collection. This ranges from the pfizer court to the inspectors general to government, billy office to the Intelligence Committee of congress and one of the newer and in many ways most publicly useful entities overseen the Intelligence Committee is the piracy and Civil Liberties oversight board. Its a number of valuable reports that have given us unique insights into the programs weve heard discussed earlier such as section 702 and section 215 the authority used for the phone records collection program. Im sure it will be a fascinating discussion so i will pass it off to ou
Lawmakers also heard testimony from the head of the housing agency, this hearing is just under three and a half hours. Will come to order. Without objection the chair is authorized to declare a recess of the committee at any time. This hearing is entitled, the end of Affordable Housing . A review of the Trump Administrations plans to change Housing Finance in america. Before i recognize myself, members, today is mr. Mchenrys birthday. [ applause ] if anyone wishes to sing happy birthday, please save it until later. Thank you. We all thank you for that, madame chair. Happy birthday. Thank you. I now recognize myself for four minutes to give an Opening Statement. Good morning, today were here to discuss the impact of the Trump Administrations Housing Finance reform plans. We are joined by treasury secretary steven ma shun, ben carson, and mark calabrio welcome. Let me say up front the Trump Administrations housing reform plan would be a disaster for our housing systems. The Trump Adminis
Program. s Data Security executives testify on protecting consumers data against unauthorized access. Youre watching live coverage. Obviously Artificial Intelligence has the lions share publicity but thats nowhere near the limit. Businesses collect or process data ranging from personally identifiable information, name, address, likenesses. Obviously Sensitive Data, browsing history. The threat to consumers data that Companies Face is complex and daunting. As Companies Collect more data they become more attractive targets for data breaches. And by that i mean criminal activity. Each breach caused Company Nearly 4. 2 per incident. How many more consumers need to be a victim of Identity Theft to take action. How longer should we allow data to be sold for profit on the dark web . Will cyber criminals be stopped or deterred from praying on our data . These breaches hurt Small Businesses, large corporations and everything in between. And 2023 alone there were 3205 breaches in the u. S. Those
[inaudible conversations] welcome to the subcommittee on Consumer Protection, product safety and Data Security. Will come to order. I apologize for the bit of late. Senator blackburn was here quickly. She is en route. Were at a Pivotal Moment in the age of technology that rely on increasing massive consumer data. Obviously, Artificial Intelligence has gotten the lions share of publicity but thats nowhere near the limit. Businesses collect or process data ranging from personally identifiable information, name, address, likeness, as they say in college these days. Obviously, Sensitive Data like physical locations and browsing history. The threats to consumers data that Companies Face is complex and, in almost every way, daunting. As Companies Collect more data, they become more attractive targets for data breaches. And, by that i mean criminal activity. Each breach costs Companies Nearly 4. 2 million per incident. And consumers shoulder the financial burden and reputational harm of each
Coverage of government. Taking you where the policies are debated and decided. All with the support of americas cable companies. Cspan, 45 years and counting. Powered by cable. Data security executives testified before a Senate Commerce subcommittee on protecting consumer data against unauthorized access. They offered recommendations such as stronger Authentication Methods and the establishment of a federal Privacy Protection standard. This is about 90 minutes. Welcome to the subcommittee on Consumer Protection and security. We will come to order. Senator blackburn is en route. Were at a Pivotal Moment in the age of technology that rely on amounts of consumer data. Artificial intelligence has got then lions share of publicity but thats nowhere near the limit. Businesses collect or process data ranging from personally identifiable information, name, address, likeness, as they say these days. Obviously Sensitive Data, browsing history. The threats to consumers data that Companies Face is