Identity fraud is a hugely important problem. Today, criminals have tools at their disposal to get at sensitive Consumer Financial data. Complicated situation and that we get briefings like wheree i just received you go through just how massive the problem is and the techniques that are available. We realize that mentioning them in public is not a wise thing to do. This puts us in a tough situation. And thell of my Members Committee and their staff to get those briefings from members to our testifying today to see how big a problem this is. It is costing us a lot more than we think. Toolsare large numbers of that people use. These intrusions are only becoming more sophisticated. In the news this week there was synthesizer voice from anke instructions employee who thought it was his boss. That will accelerate as the Technology Gets more advance. The stakes in this are a enormous. Financial services at the front lines of this attack. It can be used for something to do Identity Fraud. It
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
Lawrence from San Francisco government t. V. For broadcasting this meeting, madame clerk, are there any announcements . Silence all cell phones and electronic devices. Completed speaker cards and copy of any documents should be submitted to the clerk. Items acted upon today will appear in the july 9th, board of supervisors just board of supervisors agenda unless otherwise stated. Thank you very much. Lets see. So i just want to welcome everyone back. Good morning, today is the final day of the boards deliberations as we work to craft a comprehensive starting plan to pass out a Budget Committee after hearing from hundreds of people at Public Comment earlier this week. As ive mentioned before, we have received over 400 million in budget requests here, and we are working hard to address incredible need and communities in communities across San Francisco. Yesterday, i released a spending plan after hearing from the public and from my colleagues. My hope is we can grow the available funding
Appear in the july 9th, board of supervisors just board of supervisors agenda unless otherwise stated. Thank you very much. Lets see. So i just want to welcome everyone back. Good morning, today is the final day of the boards deliberations as we work to craft a comprehensive starting plan to pass out a Budget Committee after hearing from hundreds of people at Public Comment earlier this week. As ive mentioned before, we have received over 400 million in budget requests here, and we are working hard to address incredible need and communities in communities across San Francisco. Yesterday, i released a spending plan after hearing from the public and from my colleagues. My hope is we can grow the available funding even more to prioritize a few more outstanding issues. Today we will address a few more items and recess the meeting so my office can work with the controller to prepare a spending plan. Colleagues, i propose we recess until 2 00 p. M. After our meeting today to allow for that t