Any time. 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 served. We must examine if our agencies and fair credit reporting act are up to the job. Largescale Security Breache
This hearing on the Judiciary Committee subcommittee on privacy, technology, and the law will come to order. We are here to address Cyber Security concerns in the data broker industry. This is not the first time our subcommittee has gathered to do so, after several Security Breach last august we held a hearing to ask the question of how secure is consumers data in the hands of data brokers . The answer, not very secure. Industrybroker immediately responded by committing to take seriously Security Issues and pledging to dedicate resources to Data Protection measures. Yet here we are two years later in the wake of what we now know is the largest breach ever of private consumer data. We are trying to figure out how it happened once again. It happened because data brokers have created an industrywide culture that appears not to prioritize the security of consumers information. Traditional data brokers, those who make a profit from buying and selling data to other companies, have very littl
Hours. Good morning. The subcommittee on Digital Commerce and Consumer Protection will come to order. 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. Americans deserve to know what equifax is doing to fix the problem and help individuals that are impacted. 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 muchneeded information and light on this breach. Weve received assurances from equifax that mr. Smith can speak for the company on concrete remediation steps that the company took in the aftermath to secure its Computer Systems and to protect the affected u. S. Customers, as well as what happened when he was chief executive. As chairman of the Digital Commerce
Million people at risk. This was one of four hearings mr. Smith appeared at in which he faced questions on how the breach was first detected and what steps the agency took in response. This house energy and commerce subcommittee hearing is three hours. Good morning. The subcommittee on Digital Commerce and Consumer Protection will come to order. 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. Americans deserve to know what equifax is doing to fix the problem and help individuals that are impacted. 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 muchneeded information and light on this breach. Weve received assurances from equifax that mr. Smith can speak for
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. Todays hearing needs to shed some much needed information fre 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 our economy. In this case sensitive personal information that is used to build Credit History and allow individuals to engage by cell phone and secure mortgages as a compromise. Reasonable security measures must be implemented, th