Cyber Security

House subcommittee to hold data security hearing

Cyber Data SecurityThe House Financial Services Subcommittee on Financial Institutions and Consumer Credit will hold a hearing later this week on protecting Americans’ sensitive information.

The hearing, scheduled for 10 a.m. on March 5 at the Rayburn building, will include testimony from William Noonan, the deputy special agent in charge of criminal investigation in the U.S. Secret Service’s cyber operations division; Troy Leach, the CTO of PCI Security Standards Council; and Greg Garcia, an advisor to the Financial Services Information Sharing and Analysis Center.

Other witnesses slated to testify include David Fortney, the senior vice president of product management and development at The Clearing House Payments Company, and Edmund Mierzwinski, the consumer program director at U.S. PIRG.

“Over the last six months, several American companies and universities have experienced significant data breaches,” a subcommittee memorandum said. “While the details of these breaches remain under investigation by federal and state law enforcement authorities, these episodes underscore the serious threats to financial privacy and data security posed by individuals and criminal syndicates–some based overseas–that seek access to personal financial information to commit fraud or identity theft.”

The hearing seeks to uncover the reason for data breaches, security measures aimed at preventing them and various technologies that will help reduce the future risk of breaches.

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