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
Recommendation and also wanted to let the public know that, at that meeting, the Budget Office shared a lot of helpful information about the timeline for the year, and i encourage folks, budgets are important, and i encourage folks to come out to budget meetings. It is the best committee ever. If they go online they can also see what we are going to be covering over the year, so that when we make decisions those things are not surprises. I encourage folks to come out. You can also reach out to me im happy to share with communities how were trying to make things more transparent for families and staff, how we make budget decisions. That will be happening throughout the year. There is lot of opportunities for folks. Thank you. Thank you. Do we have any board member delegate membership updates . Okay. Seeing then. Any other reports from Board Members . I briefly want to thank ida wells, and a few other schools that i went to parade. [laughter] all of the schools, the academy. I think i sa
San Francisco Health Service Board will now come to order. Please stand for the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands one nation under god, indivisible with liberty and justice for all. Roll call please. [role call] we have a quorum. Item number four, please. Item 4, approval or modifications of the minute of the meetings of forth below. Regular meeting minute from august 8, 2019. Does anybody have any corrections to the minute . I move that the minutes be adopted as distributed. Second. Any Public Comment on this item . All in favor . Opposed . It is unanimous. Item number five, please. Item five is a general Public Comment on matters within the boards jurisdiction. Any Public Comment on this matter . This is a chance to speak up on anything within our jurisdicti jurisdiction. Seeing none. Item number six, please. Item six is the president s report. This report is given by president breslin. The ai
Stands one nation under god, indivisible with liberty and justice for all. Roll call please. [role call] we have a quorum. Item number four, please. Item 4, approval or modifications of the minute of the meetings of forth below. Regular meeting minute from august 8, 2019. Does anybody have any corrections to the minute . I move that the minutes be adopted as distributed. Second. Any Public Comment on this item . All in favor . Opposed . It is unanimous. Item number five, please. Item five is a general Public Comment on matters within the boards jurisdiction. Any Public Comment on this matter . This is a chance to speak up on anything within our jurisdicti jurisdiction. Seeing none. Item number six, please. Item six is the president s report. This report is given by president breslin. The airconditioning is is not working here today. Hopefully this will be a brief meeting. Other than that, i dont have anything to report. Thank you. Item number seven, please. Item seven. Vote on whether
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