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Hold a minority hearing on the equifax data breach. Commanding properly supported by the majority of minority members. The gentlemane from california, chairman of our Foreign Affairs committee. Mr. Chairman, thank you. I thank mr. Smith for being here today. Ande september 7, my office all these offices have received a lot of angry and anxious socalled and emailed by our constituents and i think one of the things that really stands out is how can a company that deals in data not protect that data. Es in whate answer li your company did not do. You did not protect their personal information. Yo...

Organization as it functions on a day to day basis. Tonight, at 8 p. M. Eastern, on cspans q a. On thursday, richard smith, the former ceo and chairman equifax, testified on the data breach at his company that compromise the records of an 100 40 Million Consumers. This testimony to the House Financial Services committee was his fourth appearance before a Congressional Committee in a week. Its three hours and 15 minutes. The committee will come to order. The chair is authorized to declare a risk a t any time. Entitledng is examining the Equifax Breach. September 7, equifax announced what it cal...

[inaudible conversations] good morning now the executive session is complete data reaches not a new issue weve been focused on the consumer that was before i was elected to the senate. The breach is what many would consider to be the high profile breach with a number of investigations from the federal and state authorities. This was originally created by equifax so in terms of the trajectory the major did reach you could say we could come full circle. Congress paid close attention to the dative breach to strengthen Data Security requirements as well as those to affect companies to notify a the...

Chair good morning, now that our executive session is complete we turn to the issue of data breaches. This is not a new issue. The committee has been focused on the Consumer Impact since before i was elected to the senate. The september 2004 choice point breach was considered to be the first highprofile data breach in the modern era prompted investigations from this committee and state authorities. Choice point was a data Aggregation Company originally as fateby equifax who would have it is represented here today. In terms of the inquiry the major data breaches, we have come full circle. Congr...

To get into that device and that is true in case after case after case which is why we have to figure out a way to optimize those two things, privacy and public safety. Well, to be candid, my understanding about some of this was that the European Community had special concerns about privacy and that some of the companies in our country were concerned, well they would lose business. That european concern is changing. I think what i read about the u. K. , what i understand is happening in france and germany, increased sharing of intelligence, the realize is, i think, that they have very dangerou...