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Transcripts For CSPAN First Ladies Influence Image 20140205

And i started there. I start i thought i would start by following up what senator hatch talked about, which is new technology that i understand has been adopted in europe. Is that true . Yes. And is it true that in great britain, they have seen a major decrease in these kind of breach as . They have seen a decrease a decrease. They have also seen a shift to the online channel. What is stopping our country when they are doing this in europe . I think they started using this kind of technology back in 2003. What has stopped it from being rolled out on a major basis, and how can we change that . You know, there are many participants in the payment card world that will ensure that transactions are processed appropriately in the u. S. We put devices in our stores to read chips. Cardtroduced a target visa with a chip in it, but without broad options there are not brought adoptions, there are not significant advantages for consumers. You mean other retailers . Others having the ability to rea ....

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Transcripts For CSPAN Key Capitol Hill Hearings 20140205

Richard carmona will give an update on the latest research to improve survival rates from ieds and mass shooting incidents. We will also take your phone calls and you can join the conversation on facebook and twitter. Journal, live each morning at seven eastern on cspan. An executive from target said the company is investing 100 million to upgrade to a more advanced credit card system following the hacking of customer data. Testifying before a senate committee, the target cfo was asked about the Holiday Season cyber theft that has exposed the personal or Financial Data of millions of u. S. Shoppers. Because of the time of the opening of the senate, we are starting a little bit late. I apologize for that but i appreciate everybody who is here , from all over the state, including now snowing colorado. Were going to need to examine how we can protect americans, the growing dange ....

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Transcripts For CSPAN Key Capitol Hill Hearings 20140205

Folks who have an oepiate disorder, they will often tell you and you will see they started with early tobacco, early alcohol and early marijuana use. But mr. Botticelli, thats a logical fallacy, thats true but that begs the question that millions of americans, 4 50 million, have used marijuana and didnt go on to other drugs. We have to desegregate the addictive personality from the recreational occasional user. I mean nothing norm tif by this. I said in my opening statement, im a child of the 60s and leery of legalizing any drugs. Ive seen the damage. But i want us to be basing fact on the matter is the war of drugs doesnt look like it work very well in Public Opinion and demand. Whereas other campaigns that are voluntary. Actually have worked. So maybe we could learn something from that as opposed to incarcerating, especially minority populations in this country and that doesnt seem to work either and doesnt seem to reduce demand ....

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Transcripts For CSPAN Key Capitol Hill Hearings 20140205

Was released publicly. Broad public notification, yes. Notified about the malware and spend the next few days containing, disabling and removing the malware. January 10, we started notifying the public and customers directly. To both companies have policies in place on how you would do this consumer notification . We have several crisis communication plans and we enacted them immediately upon finding the crisis. Know, senatoryou leahy has a bill on some of these notification issues. I think some of the issues senator feinstein raised are worth discussing. We also have to realize that smaller retailers will have different situations than bigger retailers. We recently found out that hotel chains are being affected by this and were going to have to put something in place. Senator hatchhy, has asked to make a small statement before i recognize you. Thank you, senator. Came up todayt starts out by saying that u. S. Intelligence agencies will ask the
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Transcripts For CSPAN Key Capitol Hill Hearings 20140206

Must act to pass Data Security and breach notification legislation. The administration has proposed similar legislation. Congress must act again and we must ensure that such legislation makes its way to the president s desk for signature. To that end, im most interested to hear any opinions of the f. T. C. And what they may wish to share to us. All my questions this morning will be addressed to chairman ramirez. Now, chairman, in your written testimony, indicates that the commission enforces a variety of statutes such as gramleach bliley and Privacy Protection act. Do any of these acts require an f. T. C. Entity whose collection of personal identification has been breached to notify customers . Yes or no . No. That is needed, i assume . Yes. Absolutely. Now madam chairman, do any of these acts require notification of the federal trade commission or
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