Political Quotes

“I want to thank Ranking Serrano for providing me the opportunity to enter into a colloquy on the topic of cybersecurity, specifically, SEC disclosure guidance relating to cybersecurity risks and cyber incidents. This is an issue that is of critical importance not only to our national security, but also to our economic security, affecting every American consumer and investor. It is no secret to anyone here that the challenges we face in the cyber realm are immense. Certainly, the news is rife with attacks, be it the massive Target breach of personal information by cyber criminals, Iran's reported denial-of-service attacks on U.S. banks, or the recently disclosed ongoing attacks on the hedge fund industry. The Center for Strategic and International Studies recently estimated that almost 1 percent of global income, or $445 billion, is lost each year to cyber crime and economic espionage. That is a stunning tally, yet such costs are rarely, if ever, reflected in financial statements. Protecting intellectual property, trade secrets, and custom information must be a priority for government, corporations, and consumers. I know this is a concern of yours, and I hope it is of equal concern to the committee.…”