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
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