It was mr. Smiths third such questioning in a weeks time. And most of the subcommittees inquiries focused on the speed of the Credit Reporting agencys response to the knowledge its data servicers had been infiltrated by nefarious forces. This is about an hour and 40 minutes. Jo this hearing of the subcommittee on privacy, technology, and law, will come to order. Were here to examine per sis sent cybersecurity concerns in the data broker industry. This is not the first time our subcommittee has gathered to do so after a cybersecurity breach last august, we held a hearing to ask the question how secure is consumers data in the hands of data brokers. The answer, not very secure. The industry immediately responded by committing to take serious Security Issues and pledging to dedicate resources toward Data Protection measures. Yet here we are two years later in the wake of what we now know as the largest breach of private consumer data. Were trying to figure out how it happened once again.
[inaudible conversations] good morning now the executive session is complete data reaches not a new issue weve been focused on the consumer that was before i was elected to the senate. The breach is what many would consider to be the high profile breach with a number of investigations from the federal and state authorities. This was originally created by equifax so in terms of the trajectory the major did reach you could say we could come full circle. Congress paid close attention to the dative breach to strengthen Data Security requirements as well as those to affect companies to notify a the discovery of a breach so in that era with a large scale breach but while larger with consumers equifax is more severe given the sensitive nature. Weve heard from many constituents our concern of the lasting effects and i have heard complaints it is difficult to setet up the credit freeze if monitoring ispr the effective tool. The breach exposed those consumers including names and Social Securityi
I recognize myself for five minutes for an opening statement. Mr. Lahood i want to welcome the witnesses here today and welcome chairman smith, Oversight Subcommittee Research and Technology Ranking member lipinski, our expert witnesses and members of the audience. Cybersecurity, a concept we hear mentioned frequently, especially in this period of rapidly emerging threats, is an everevolving concept. Maintaining an effective cybersecurity posture requires constant vigilance as new threats emerge and old ones return. Too often, however, when we hear about the importance of cybersecurity, we are left without concrete steps to take to ensure or systems are best positioned to defend against emerging threats. One of the goals of todays hearing is to learn about real, tangible measures the government can take to ensure its i. T. Security systems are appropriately reenforced, to defend against new and emerging threats, including novel and sophisticated ransomware threats. The specific focus o
Well come to order. Without objection, the chair has authorized to declare recess of the committee at anytime. Good morning and welcome to todays hearing entitled bolstering cybersecurity. I recognize myself for five minutes for an opening statement. I want to welcomethe witnesses here today and elcome chairman smith, Oversight Subcommittee Research and Technology Ranking member lipinski, our expert witnesses and members of the audience. Oversight subcommittee research and Technology Ranking member cyd from wannacry. I recognize myself for five minutes for an opening statement. I want to welcome the witnesses here today and welcome chairman smith, oversight subcommittee Ranking Member lipinski, our expert witnesses and members of the audience. Cybersecurity, a concept we hear mentioned frequently, especially in this period of rapidly emerging threats, is an everevolving concept. Maintaining an effective cybersecurity posture requires constant vigilance as new threats emerge and old one
Well come to order. Without objection, the chair has authorized to declare recess of the committee at anytime. Good morning and welcome to todays hearing entitled bolstering cybersecurity. I recognize myself for five minutes for an opening statement. I want to welcomethe witnesses here today and elcome chairman smith, Oversight Subcommittee Research and Technology Ranking member lipinski, our expert witnesses and members of the audience. Oversight subcommittee research and Technology Ranking member cyd from wannacry. I recognize myself for five minutes for an opening statement. I want to welcome the witnesses here today and welcome chairman smith, oversight subcommittee Ranking Member lipinski, our expert witnesses and members of the audience. Cybersecurity, a concept we hear mentioned frequently, especially in this period of rapidly emerging threats, is an everevolving concept. Maintaining an effective cybersecurity posture requires constant vigilance as new threats emerge and old one