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Transcripts For CSPAN Online Data Security Breaches 20140329

That really target of the preacher was because of steps taken after the first . They actually had on lawful access to for more information that was breached the first time. Breach, call it a except for that one individual. It was not public or circulated. I want to thank the fbi for their very effective that resulted in the successful mitigation within 36 hours. The reason we are not saying anymore is because the investigation the is proceeding great proceeding. Everything was put on the web and put on a public website. The intruder wanted to show how clever he or she was and wanted the world to know. I just have one last question, mr. Chairman. I want to come back to mr. Mirus ms. Ramirez. Ftc uses both its unfairness and deception authority being relatively clearcut. In that case, you have a company access. It makes materially misleading statements regarding sick dirty measures taken. A good number of the ftcs actions come under its
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Transcripts For CSPAN Key Capitol Hill Hearings 20140327

The estimated cost have reasonable defenses, and protection of sensitive information. From a few Million Dollars to as high as 50 million. These figures from other studies get saved. Approximately 100 for every identity stolen. We have 310,000 stolen. Is 310,000 times 100. The question i think mr. Maldon raised, an excellent question, whose shares in the responsibility for protection . It will bankrupt most universities to spend 2030,000,000 dollars when there is no guarantee any way. It is something that should be shared worldwide laying worldwide. Take one example. Social security numbers. Socialt we do you value security numbers . Why not require Financial Institutions not to use Social Security numbers . So there is no incentive to steal them . If one doesnt do that, one shifts the costs to
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Transcripts For CSPAN2 Key Capitol Hill Hearings 20140327

A publicprivate ecosystem is built upon good security governance, secure identities and constant selfassessment of one of those. Whether we drive adoption through incentives or directors can we need to proceed net but i urge you, your colleagues and the ministers not to let 2014 expire without adoption of measures that will better protect our economy and our security posture. Thanks for your time this afternoon and for your attention to this important matter of cybersecurity. Thank you very, very much. Because of the unusual circumstances and with the permission of my distinguished ranking member, the first question from our cycle come from senator mccaskill. Thank you. I adore you. [laughter] i wanted it on the record. Both of you. I adore both of you. [inaudible] i believe that ultimately the market is more effective at controlling behavior than the government. So let me start with a question that i dont think has fully been answered. Mr. Mulligan or ms. Richey, or can any of you she ....

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Transcripts For CSPAN Key Capitol Hill Hearings 20140327

A were missed by management. Maybe because of lack of a sense of confidence, complacence. Theautomated warnings of signals that should have an indication not only of intrusion but the need for action were missed. Cost. As created enormous better management has to come with better technology. Take it by your silence you are agreeing. The other area that has not been too star far is the notification. Breach occurring on 1112, november 12, happened well notification to consumers. Was in a lot of timelyrs, was there enough notification here . What can be done to improve that in the future . Ms. Mulligan first. And press the others by what you think about the timing and the notification. First, we identified malware honor system on this ar15. Should you have discovered it earlier . That is a reasonable question. It is asking a lot of hard questions. Simply thatst state there should have been earlier discoveries. Whether you could have prevented the intrusion and stopped it a subjecthat may ....

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Transcripts For CNBC Squawk On The Street 20140630

The big monthtomonth handoff in the markets. Major indices looking to tack on another month of games for june. July opens with data intensive week, ending with jobs one day early. Ken feinberg set to announce details of the General Motors Compensation Plan for Crash Victims. Well bring it to you live. Outrageous, facebook conducted a largescale psychological experiment on more than 500,000 users. And the u. S. Expected to unveil a near 9 billion fine for francis bnp paribas. Futures pointing to a lower open nasdaq on pace for two months of gains. S p and dow shoot for five months of consecutive gains and data over the next few days. Chicago pmi, pending homes also out today. Auto sales, june jobs coming later in the week, adp challenger. A good time as always to take stock of what the
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