Housing, in urban affairs will come to order. The days after the run on Silicon Valley bank, when it was close by the california banking regulators and taken over by the fdic many in washington, new york, in california asked, how did this bank and Signature Bank, soon after, failed so spectacularly . Was it the regulators falling down on the job . Was it new technology . The first social media fueled bank ran . How on earth could this happen . In ohio, the, no one is surprised by the hubris of coastal Bank Executives. The old adage has become cliche because it is so often true. The simplest explanation is best. It is first and foremost the bankers fault that the banks crashed. We know that federal and state banking officials repeatedly told managers and directors of your banks where there were problems, big problems the kind of problems you cant ignore. The tiny you have to start fixing right away. Bank executives did not listen. That is a well documented fact Silicon Valley banking si
Program. s Data Security executives testify on protecting consumers data against unauthorized access. Youre watching live coverage. Obviously Artificial Intelligence has the lions share publicity but thats nowhere near the limit. Businesses collect or process data ranging from personally identifiable information, name, address, likenesses. Obviously Sensitive Data, browsing history. The threat to consumers data that Companies Face is complex and daunting. As Companies Collect more data they become more attractive targets for data breaches. And by that i mean criminal activity. Each breach caused Company Nearly 4. 2 per incident. How many more consumers need to be a victim of Identity Theft to take action. How longer should we allow data to be sold for profit on the dark web . Will cyber criminals be stopped or deterred from praying on our data . These breaches hurt Small Businesses, large corporations and everything in between. And 2023 alone there were 3205 breaches in the u. S. Those
Side almost 8 plus 12 jo from us at 12000. 00 from us military. This is a time for resolved and not present. The comma floss of the pharaoh is deceiving population. Therefore we need to separate them. This is no time for neutrality or for false equivalence. Also in our coverage this half hour, we return to the scene of a massacre, a Music Festival in southern israel, where her mos militants killed more than 250 feet full. We saw the bodies everywhere, some of the clothes, and some of them killed from gunshots and they offer me explosions. The ive worked in this for a long time one and, but ive never seen anything like this before with what solution to see this here for. Its like a holocaust on the can. More commercial for to our viewers watching on cbs in the United States and to all of you around the world. Welcome. We begin the day with an order and with a wish. Today as more as really troops took position along the border with gonzo, the is really military issue to demand to the 110
[inaudible conversations] welcome to the subcommittee on Consumer Protection, product safety and Data Security. Will come to order. I apologize for the bit of late. Senator blackburn was here quickly. She is en route. Were at a Pivotal Moment in the age of technology that rely on increasing massive consumer data. Obviously, Artificial Intelligence has gotten the lions share of publicity but thats nowhere near the limit. Businesses collect or process data ranging from personally identifiable information, name, address, likeness, as they say in college these days. Obviously, Sensitive Data like physical locations and browsing history. The threats to consumers data that Companies Face is complex and, in almost every way, daunting. As Companies Collect more data, they become more attractive targets for data breaches. And, by that i mean criminal activity. Each breach costs Companies Nearly 4. 2 million per incident. And consumers shoulder the financial burden and reputational harm of each
Coverage of government. Taking you where the policies are debated and decided. All with the support of americas cable companies. Cspan, 45 years and counting. Powered by cable. Data security executives testified before a Senate Commerce subcommittee on protecting consumer data against unauthorized access. They offered recommendations such as stronger Authentication Methods and the establishment of a federal Privacy Protection standard. This is about 90 minutes. Welcome to the subcommittee on Consumer Protection and security. We will come to order. Senator blackburn is en route. Were at a Pivotal Moment in the age of technology that rely on amounts of consumer data. Artificial intelligence has got then lions share of publicity but thats nowhere near the limit. Businesses collect or process data ranging from personally identifiable information, name, address, likeness, as they say these days. Obviously Sensitive Data, browsing history. The threats to consumers data that Companies Face is