The hearing of the Senate Judiciary subcommittee on crime and terrorism will come to order. Im expecting that my Ranking Member senator Lindsey Graham will be here shortly. I just saw him on the cspan screen. I know hes on the floor and not here. But i have permission from his staff to proceed. He will join us as soon as his schedule permits. I also want to recognize in the audience ed pigano. Its good to have him back in a different capacity. We are having a hearing today that is entitled, economic espionage and trade secret theft. Are our laws adequate for todays threats . Today the subcommittee is going to explore how we can better protect american businesses from those who try to steal their valuable intellectual property. American committees are renounced as being the most innovative in the world. Companies of every size and in every industry from manufacturing to software to biotechnology to aerospace own large paortfolios of legally protected trade secrets they have developed is
Good afternoon, chairman nelson, Ranking Member collins and members of the committee. I appreciate the opportunity to appear before you on behalf of the federal trade commission to discuss the commissions role in combating telemarketing fraud. As we have heard the jish inflicted by fraud is wellknown. The harm is not just economic but emotional as well. To tackle phone fraud, the ftc uses Law Enforcement with close coordinate with federal and international counterparts, education and outreach and an initiative to spur technological innovation to develop tools that help consumers avoid unwanted calls and also help law enforcers to track down the frauds. First Law Enforcement and with a focus on imposter scams. Each of us seeks out and relies upon trusted sources. Thats the very thing scammers use and twist. Whether they pretend to be from the government, a Family Member or hide behind a recognizable corporate name. Impersonating someone trusted is more than a door opener. Its an invitat