Background sounds. [background sounds] the task force will not come to order. The chair is authorized to declare recess of the committee any time that went out objection. There authorized to participate inconsistent we put the practice. Challenges and opportunities. The chair will now recognize himself performance for an opening statement. Thank you everyone for joining us today for what should be a very interesting hearing on the task force to explain the dangerous threat of Identity Theft. Ai is making it easier. How we can safeguard one of the most important things to have in our Digital Economy. That is our identities. Identity fraud is the usually important problem. In 2018 alone, almost 15 billion is estimated to have been stolen from us consumers online. If this doesnt include the more indirect future cost of having a compromise identity. Today criminals have lots of tools. They get sensitive Consumer Financial data, and there is a complicated situation that a member of Congress
Background sounds. [background sounds] the task force will not come to order. The chair is authorized to declare recess of the committee any time that went out objection. There authorized to participate inconsistent we put the practice. Challenges and opportunities. The chair will now recognize himself performance for an opening statement. Thank you everyone for joining us today for what should be a very interesting hearing on the task force to explain the dangerous threat of Identity Theft. Ai is making it easier. How we can safeguard one of the most important things to have in our Digital Economy. That is our identities. Identity fraud is the usually important problem. In 2018 alone, almost 15 billion is estimated to have been stolen from us consumers online. If this doesnt include the more indirect future cost of having a compromise identity. Today criminals have lots of tools. They get sensitive Consumer Financial data, and there is a complicated situation that a member of Congress
All right. The task force will now come toward her. Financial services, threats, challenges, and opportunities. The chair will recognize itself for four minutes for an Opening Statement, thank you everyone for joining us today for what should be a very interesting hearing of the task force to explore the j dangers of threats for ai. Ai is making it easier for criminals to religion is criminals activities and how we can safeguard one of the most important things in our account economy which is already the preventative right is an important problem in Financial Services in 2018 alone, almost 15 billion is asserted to have been stolen from consumers online. This does not include more indirect future cost of having a compromised identity. Today, criminals have lots of tools at their disposal, to get sensitive Consumer Financial data. And, there is a complicated situation a member of Congress Finds themselves in that we go to briefings like the one i have just seen from ms. Walraven. Just h
Financial services, threats, challenges, and opportunities. The chair will recognize itself for four minutes for an Opening Statement, thank you everyone for joining us today for what should be a very interesting hearing of the task force to explore the j dangers of threats for ai. Ai is making it easier for criminals to religion is criminals activities and how we can safeguard one of the most important things in our account economy which is already the preventative right is an important problem in Financial Services in 2018 alone, almost 15 billion is asserted to have been stolen from consumers online. This does not include more indirect future cost of having a compromised identity. Today, criminals have lots of tools at their disposal, to get sensitive Consumer Financial data. And, there is a complicated situation a member of Congress Finds themselves in that we go to briefings like the one i have just seen from ms. Walraven. Just how massive the problem is and the techniques that ar
President of a group called the Information Technology and Innovation Foundation. Mr. Castro, what is that group and what do you do . Guest i with a single take. We focus on innovation where were interested in innovation and how you can have policy to support that. Host can you give an example of that innovation . Guest ten years ago we were talking about Artificial Intelligence and the benefits. We were thinking about that and thinking about policies we need to have in place to get there and so we try to help policymakers get ahead of the curve on these issues. Host who funded iti f. Guest a bunch of funders and individuals that support our thing think and we work on a lot of different issues so we get support from those interested in everyone from it issues to biotech engineering. Host for our purposes here on the communicators is it fair to say that large Silicon Valley companies are part of your funding operation, google, apple, facebook of the world . Guest absolutely. The compani