Included more than 145 Million People read the subcommittee hearing runs about three hours. Good morning we are here to get the facts of what happened. Americans deserve to know what they are doing to fix the problem and help individuals that are impacted. We will find out what happened. They deserve to know what happened and what steps you are taking to protect your Sensitive Data Going Forward. Todays here in will shed some much needed information and a light on this freetrade have received assurances that mr. Smith can speak for the company on concrete steps that he took in the aftermath to secure the Computer System and protect the affected customers as well as what happened when he was chief executive. The chair of the Consumer Protections Agency Speaks about how we are individually connected world. The fact of life can have many positive implications far and wide ranging for commerce, and trade. Massive reminder of bad actors that are out there and the security challenges facing
Functions on a daytoday basis. Sunday night. On q a. Today on capitol hill, richard smith, the ceo of equifax gave the first of three Straight Days of hearings to address the data breach that exposed the private information of a hundred 45 Million People. The subcommittee hearing runs about three hours. Good morning. The subcommittee on Digital Commerce and Consumer Protection will come to order. The chair now recognizes himself for five minutes for an Opening Statement. Good morning. Today we are here to get the facts to learn what happened at equifax that led to the personal information of over 143 million americans information being stolen. We must find out what happened. The public deserves to know what happened and what steps are being taken to protect their Sensitive Data Going Forward. Todays hearing needs to shed some much needed information and light on this breach. We have received assurances from equifax that mr. Smith can speak on concrete remediation steps that the company
Committee will come to order. A recess at the committee of any time and all will have five days for inclusion in the record. Entitled examining the equifax data breach. On september 7th equifax announced a Cyber Security incident. It effected 145 million u. S. Consumers, nearly half of all americans. In other words if your hearing my voice youre either the victim or you know someone who is. Thats how massive this brief was. Criminals got basically everything they need to steal your identity, open credit card accounts in your name it may with b the most harmful the world has ever seen the companys response has left much to be desired. For weeks equifax about whether people were victims of the breach or not. And beyond brief they sold their equifax before the company disclosed the breach. I trust the Justice Department will get to the bottom of this. Clearly action by the federal trade commission and potentially other regulators is required. Congress must ensure federal regulators do the
In the world. Im convinced that the story helped me get the job at the post. American history tv all weekend every weekend only on former equifax ceo, richard smith, testified today before the House Financial Services committee. Its the fourth time hes been before lawmakers this week. Theyre looking into the equifax data breach, which exposed private information from nearly 146 Million People. All four hearings are available in our Video Library at cspan. Org. [ banging gavel ] the committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time, and all members will have five legislative days within which to submit extraneous material to the chair for inclusion in the record. The hearing is entitled examining the equifax data breach. I now recognize myself for threeandahalf minutes to give an opening statement. September 7th, equifax announced what it called a, quote, Cyber Security incident at its business. That potentially aff
The committee will come to order. The chair is authorized to declare a risk a recess at any time. Entitledng is examining the Equifax Breach. September 7, equifax announced what it called a Cyber Security incident. 145 million u. S. Consumers, nearly half of all americans. If you are hearing my voice your either the victim of the breach or know someone who is. Thats how massive this was. Criminals got everything they need to steal your identity, open credit card accounts in thise and cause you may be the most harmful the world has ever seen. The companys response has left much to be desired. Equifax failed to disclose the breach to shareholders for weeks. Senior executives sold their equifax shares after the company knew of the breach but before they disclosed the breach. The federal trade commission will get to the the Justice Department will get to the bottom of this. By the federal trade commission is required. Congress must insure federal regulators do their jobs so justice can be