12/08/2014
https://www.congress.gov...
"I understand that Europe had reasons to go to chip early on, but are you saying that the banks have just now discovered that chip and PIN would be a more secure system?"
"If a company's security standards are inadequate but the company says nothing about them, then the FTC is powerless."
"All of us have constituents who are affected by these data breaches, and I think it is clear that the data protections we have in place now are not enough."
"I think it is fair to say that is not very many given the number of data breaches that we have seen over the last decade."