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 of the ones we know a. 353,000 individuals were severely impacted. 10 of publicly traded Comp
Has gone around our export controls we do investigate. As it relates to i. T. , ill come sit with you, if you have ideas how we can tighten it up, i want to hear them. Aoeuf been able to meet with kathy. I would love to meet with you. Because during the time i Left Congress for two years, my job was to try to figure out how to compete with belton road. We dont do it well because we dont coordinate the way china does in competing against us. I would like to see us coordinate you. Thank you , mr. Chairman. I yield back. Thank you. Thank you. Now the gentlewoman from North Carolina, ms. Ross. Ms. Ross thank you, chairman babin, and Ranking Member lofgren, for holding this very important hearing today. Thank you, madam secretary, for being with us. North carolinas Semiconductor Industry boasts over 100 semiconductor and other Electronic Component manufacturing establishments. Over 7600 people employed in the sector. And 1. 2 billion in exported product. The passage of the chips and science
[background noises] [background noises] the committee will come to order. Without objection the chairs authorized to declare recess of committee at any time. Im before we begin secretary has informed us she has only two hours available for this hearing. So in the interest of time Ranking Member and i are remedying ourselves to very brief Opening Statements we are asking the secretary to do the same. Additionally we get as many members as possible a chance to ask questions. And in concurrence with the Ranking Member i ask unanimous consent to limit each members q and a to four minutes without objection. So ordered. Out also like to request unanimous consent to submit to statements for the record for bt the first is from chairman lucas who could not be with us here today. As you know he has had a terrible accident with a bowl, he is a rancher. And he is recuperating. We look forward to his return soon because his leadership is dearly missed. The second as a full Opening Statement from my
[background noises] [background noises] the committee will come to order. Without objection the chairs authorized to declare recess of committee at any time. Im before we begin secretary has informed us she has only two hours available for this hearing. So in the interest of time Ranking Member and i are remedying ourselves to very brief Opening Statements we are asking the secretary to do the same. Additionally we get as many members as possible a chance to ask questions. And in concurrence with the Ranking Member i ask unanimous consent to limit each members q and a to four minutes without objection. So ordered. Out also like to request unanimous consent to submit to statements for the record for bt the first is from chairman lucas who could not be with us here today. As you know he has had a terrible accident with a bowl, he is a rancher. And he is recuperating. We look forward to his return soon because his leadership is dearly missed. The second as a full Opening Statement from my
Has gone around our export controls we do investigate. As it relates to i. T. , ill come sit with you, if you have ideas how we can tighten it up, i want to hear them. Aoeuf been able to meet with kathy. I would love to meet with you. Because during the time i Left Congress for two years, my job was to try to figure out how to compete with belton road. We dont do it well because we dont coordinate the way china does in competing against us. I would like to see us coordinate you. Thank you , mr. Chairman. I yield back. Thank you. Thank you. Now the gentlewoman from North Carolina, ms. Ross. Ms. Ross thank you, chairman babin, and Ranking Member lofgren, for holding this very important hearing today. Thank you, madam secretary, for being with us. North carolinas Semiconductor Industry boasts over 100 semiconductor and other Electronic Component manufacturing establishments. Over 7600 people employed in the sector. And 1. 2 billion in exported product. The passage of the chips and science