this bill doesn't address every issue in cybersecurity and it's not a comprehensive cybersecurity fix, but it's a giant and critical step forward. together we can unite our nation against those who wish to do us harm and i have no doubt we can get it done. in fact, we have no other choice. i thank you, mr. speaker, and i urge the support of h.r. 3696 and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from texas is recognized. >> mr. speaker, i have no more speakers. if the gentlewoman from new york has -- i believe a few additional speakers. i'm prepared to close once the gentlewoman does. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlewoman from new york is recognized. ms. clarke: mr. speaker, i yield to mr. payne. the speaker pro tempore: the gentleman from new jersey is recognized for two minutes. mr. payne: thank you, mr. speaker. i rise in support of h.r. 3696, the national cybersecurity and critical infrastructure protection act. in october, 2012, hurricane sandy w

jim mentioned cybersecurity and how important matters. and we have a litany of different areas that policymakers must pay greater attention to. as a former member of congress who served in the great midwest for six terms, as someone who believes that those founding fathers called it the first branch of government. sadly today it is the last branch that people in our country are looking for to solve our problems. and that cannot be the case as we see these challengers of cybersecurity and isys and al qaeda and possibly creating another 9/11 type of attack. and so we encourage congress and we'll have a panel on this to take this seriously to reorganize the massive bureaucracy that they have on the department of homeland security that is bigger oversight today of what we have are oversight for the department of defense. 500 billion-dollar defense program with a smaller number of committees overseeing and in the department of homeland security where we have 92 different committees and of committees. fragmented dysfunctional, potentially disru

>> my biggest question in cybersecurity is obviously when will they take it more seriously? it is a huge risk, and when are they going to invest the dollars that's needed to get the infrastructure up to speed. >> you seem skeptical that the government is doing enough? >> yeah, pretty muchivities thank you very much. glad your business is looking up. we hope to have you back again, sue. >> tyler, californians, if you're caught using water in ways you're not supposed to, you'll be in serious trouble. you will also have to pay the piper. >>> plus the man behind u.s. soccer. he doesn't play, he doesn't coach, but he runs the whole thing, and he also happens to be a professor of economics at columbia university. meet the man behind it all next, and only on "power lunch." ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. share your summer moments in your mercedes-benz with us. offers end july 31st. hi,

leaders aren't sincere about addressing cybersecurity and he says their attitude has damaged trust. >> translator: china continues to call on the u.s. to correct the error and continue cooperation on cyberissues. >> zheng said prosecutors should withdraw the charges against the officers and he suggested chinese officials would pull out of discusses on cybersecurity with their american counterparts. >>> both sides hope they will be able to resolve their issues during their talks. matthew goodman was an economic adviser to u.s. president barack obama. we asked him what to expect. >> first i would like to ask what the focus of the economic dialogue will be this time. >> one issue that has been a constant refrain between the u.s. and china onhe economic side is the foreign exchange question. and it's frankly unfair is the term that even secretary lew used the other day. i think that one will be a high priority. the two sides have been negotiating a investment treaty and last year there was a breakthrough because china was willing to negotiate that treaty on the basis that the united state

he tells me he just landed a cybersecurity job with general dynamics, but he couldn't resist boasting to a colleague about a code he created that allowed him to take an ordinary $25 gift card and add value to it. >> i would buy a card and then have that card for a certain value and then have it reloaded online. bypass the whole financial process using bid squatting. starbucks $100, whole foods $300. and sears $500. >> reporter: his co-worker told a manager and homeland security came to ask questions. telling him at first he was being asked for a higher position. >> we are in your skill set. we want you for this higher level position. >> reporter: he was fired from his job, but had more meetings with federal agents until yesterday when they came to the door of his springfield home arm would a search warrant. >> had 11 agents rush in. >> reporter: this document shows the dozens of computers, phones and other electronic items taken. >> we're all worried and, you know, just waiting. >> reporter: and just to underscore, akhtar has not been charged with any crime. what he intended to do wit

last month after starting a new cybersecurity job, he bragged to a colleague about a code he'd created and then enabled him to take an ordinary $25 gift card and add value to it. >> what i would do is take, buy a card and then have that card for a certain value and then have it reloaded online. bypass the whole financial process using bid squatting. >> reporter: his co-worker told a manager and a homeland security agent came to ask questions. at first telling him he was being considered for a higher position. ahktar said he still dt he was ing investigated when secret service and homeland security agents came to this house on july 17th and wanted him to explain even more about his code, but yesterday he learned he was in trouble when agents showed up with this search warrant. this docume shows the dozens of computers, phones and other electronic items seized. he was fired from his new job. now he waits to see what investigators determined. he calls his gift card experiment cyberresearch. he had planned to use his own company warden systems to approach retailers with a proposed fix. >>

from testing new, faster ways of teaching skills like coding and cybersecurity and welding to the giving at-risk youth the chance to learn on the job, we will keep making sure that americans have the chance to build their careers throughout a lifetime of hard work. so the bill i'm signing today and actions i'm taking today will connect more ready-to-work americans with ready-to ready-to-be-filled jobs. of course, there's so much more we can still do, and i'm looking toward to engaging all the members of congress and all the businesses and not-for-profits who have worked on this issue. i'm really interested in engaging them. see what else we can get going. i'll give you a couple of examples. our high school graduation rate is the highest on record. more young people are earning their college degrees than ever before. but we still have work to do to make college more affordable and lift the burden of student loan debt. i acted to give nearly five million americans the opportunity to cap their student loan payments at 10% of their income, particularly important for those to who were choosin

they discussed cybersecurity and they agreed to share information to deal with threats. it will also visit the palestinian territories and turkey during his trip. that is going to wrap it for business hour. ooel leave you with the markei'. the change enables japan to exercise its right to collective self-defense. he wants japanese personnel to be able to defend allies if they come under attack. he told keith that he wants japan to play a more active role in achieving peace and stability in the asia-pacific region. he expressed his support. at the joint news conference he stressed the close ties between the two countries. >> translator: new zealand and japan are partners that share basic values. in the meeting today, we confirmed expanding our cooperation not only on bilateral issues, but on regional and international matters as well. >> abe said he intends to ebs plain the new security policy to other countries as well. >>> prime minister abe paid his respect to earthquake victims in new zealand. he visited the site of the powerful tremor that hit the country three years

you also worry about cybersecurity. you better be worried about critical infrastructure. you're certainly worried about an ongoing terrorist threat. but, you know, they're all related to the border. there's an epicenter of focus that i think lends itself to the aggregation of all the right groups within that department. but when you suddenly i my diffuse the oversight across multiple jurisdictions, you lose a is sense of both urgency, and to my colleagues' point be of view, the notion that on a day-to-day, month-to-month, year-to-year basis you begin to develop the expertise to can those tough follow-on questions. that only comes from experience, and you don't want to turn it over to a staff member. i'm speaking respectfully of the staff, but the points you made. you need aggressive oversight. and the extv branch -- executive branch welcomes it, the constitution requires it, at least demands it, suggests it, but you don't get that. so i think, again, at the end of the day writ large oversight of the executive branch is antiquated. we're here only talking about homeland se

at the end of the day, we spoke to a cybersecurity expert, brian krebs, he's the cybersecurity guy whovered the target hack. he said that he hasn't really seen any of these credit card numbers pop up on the black market yet but remember, that doesn't mean that it's not possible down the line. sometimes these hackers wait and these thieves wait to put those credit cards online. at the end of the day, we did have the interior advisor to the interior ministry in ukraine say that these people are death hunters and that the families should cancel the credit cards and then we had the dutch and the british bankers association today of yesterday actually acknowledging that there is potential for fraud and telling people that the bankers association would cover any losses for the victims. >> so these thieves are presumably stealing the credit cards and then selling just -- selling the information, right? to buyers? >> they could be selling the information. they could also be using the information themselves. remember, when we will -- this is an area that's particularly sensitive and not great.

as a result, with future cybersecurity innocents, there's the potential to exact -- cybersecurity incidentshere's the potential to exact greater penalties. >> i'm curious moving forward, what are the policy options, prescriptions that we've seen so far in how to deal with this issue of the nsa undermining standards? danielle? amie? >> i can start. one of the things is this key, this relationship between nist and the nsa. and so this is, you know, maintaining this statutory requirement that nist consult with the nsa and nsa being able to take advantage of that to undermine certain standards. that's very dangerous because the standards themselves are used by developers and in lots of commercial product. so it's not just what we'll talk about later where they, you know, pick a particular product and try to insert a act door into it, but it's actually the standards that are used in sort of a variety of things. and it's also a reputation as a standard setter which is something that the united states has been a leader on for many years or, you know, actually, probably since the beginning of the i

exchange rate for china's you are rememb currency, better property protections and much more thorough cybersecurity. >>> meanwhile, a top chinese official says it's up to the u.s. to drive the global economy. china's finance minister says he doesn't plan on creating any new stimulus measures this year and that's slower than forecasted in china this year means the global recovery will depend on growth in the united states. >>> while china's economy slows, production is speeding up. the u.s. energy department expects a hike since the level in 1972. fracking in shale rock formations is expected to boost production to 9.5 million barrels per day in 2015. today, crude fell for it's ninth straight session, the worst losing streak since 2009. it settled at 102.29. >>> president obama attended a democratic fundraiser in texas. he won't visit the boarder where many children entered the u.s. but he is urging to provide almost $4 billion to deal with the crisis. john boehner says that money won't do enough to solve the real problem. >> if we don't secure the boarder, nothing is going to change. at the preside

which brings us to a big piece of advice from the cybersecurity industry. that is, it's best to use different passwords for different websites. that way, if one website, let's say target, for example, is hacked, the hackers can't use your target password on another website, like stub hub. so little variety can be helpful when cyber shopping. scott budman, nbc bay area news. >>> it was a powerful and emotional day in the netherlands. a solemn ceremony as the first 40 bodies from the malaysia airlines crash arrived in the netherlands. the king and queen of the country and grieving family members looked on as the coffins arrived. they were taken to a military base, where work will begin to identify the remains. two-thirds of the nearly 300 people onboard that plane were dutch. the jetliner was shot down in eastern ukraine last week in an area where there's heavy fighting between government forces and russian-backed separatists. today two ukrainian fighter jets were shot down in that region. there's been another airline tragedy, this time in taiwan. a plane try

a new york cybersecurity firm's coo stumbled across it and is a big believer. >> we didn't think it existed but i started googling around and i came across sherpa and it was exactly what we described to each other as what we like. >> reporter: he thinks having a doctor on call is making his company efficient. his employees don't need to see a doctor to communicate with one and that's what jay parkinson calls progress. >> to me, the future of primary care looks what like what i'm dog here. >> they tried to create a win, win and says the specialists that sherpa contacts are trying to cut wait times because they are depending on more referrals. i hope we see more like this. >> the medical industry needs to be overhauled in terms of service and it's happening slowly bit by bit. >> by the way, i enjoyed the past couple weeks. tyler has been on vacation for two weeks, he'll be back, we'll be here tomorrow for july 4th. >> great having you, always. that's "nightly business report" for tonight. i'm susie gharib, thank for watching. >> i'm bill griffeth. have a wonderful holiday weekend but we'll se

you also worry about cybersecurity at a critical one for structure and certainly worry about the ongoing terrorist threat but they are all related to the border. so there is an epicenter of focus that i think really is itself to the aggregation of all of the right group rights groupe department. but when you suddenly diffuse oversight across multiple jurisdictions, you lose the sense of urgency and in my colleagues point of view under the notion that on a day-to-day enday-to-dayand month-to-month u begin to develop the expertise to ask those follow-up questions they turn it over to the staff member and i'm speaking very respectfully of the staf staff t the point that you made you need aggressive oversight. the executive branch welcomes and the constitution requires it and demands it and suggested, but you don't get that. i think again at the end of the day with large of the executive branch is antiquated we are here talking about homeland security, but i think the congress and the aftermath of 9/11 confused the quantity and it's tough not to give jurisdiction but there's plenty of jurisd

have grown tense between the two nations and now the german government is considering a form of cybersecurity that's quite old school by. out more after the break. elin. live. live live live live live . it must take. over the place to do its job that you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy correct albus. in fact the single biggest threat facing our nation today is the corporate takeover of our government and i was proud to set a goal that we've been a hydrogen right hand full of transnational corporations that will profit by destroying what our founding fathers once built up i'm sorry mark it on this show we reveal the big picture of what's actually going on in the world if we go beyond identifying the problem to try rational debate and a real discussion critical issues facing america if i ever feel ready to join the movement then welcome to the page. where you like me you want your comedy news from t what's your comedy news to be a bare fisted no holds barred fight to the dead. l

lewdly we share that with the american people living there again people will support each cybersecurity also dominated the conversation along with the need for america's cyber security infrastructure to better prepare itself for outside attacks in the end congress members and witnesses were eager to point out that while the us is much safer than it was in two thousand and one the threats are still great and diversifying by the day reporting in washington megalo pounds r.t. . and today the air force is launching the delta for rocket into orbit carrying satellites which will act like an outer space neighborhood watch their program allows the u.s. to monitor any potential security threats by other nations orbital activities in conjunction with this launch general william shelton the commander of the air force a space command said yesterday that the u.s. must move on from using the russian made r d one eighty rocket engine due to the rising tensions between the two nations the r d one eighty powers the atlas five rocket which is heavily used by the defense department nasa and the national r

i think the issues of cybersecurity are extraordinarily important.s a fundamental difference that we do not view it as an acceptable practice for governmental entities to participate in the process of securing trade secrets for the economic benefit of firms in the country. we've made that clear in a general way. we've made clear in the rough specifically added don't think there's any question about the source of difference between them. we need to engage, continue to engage and i believe that there will be ongoing discussions. i think it's important that we separate the issues out, that you do not tie everything together. that's one of the ants dashing advantages of the s&ed. you have a session we talk about climate issues. extraordinarily important issue for the world to meet the copenhagen standards and be critical for china to make progress. i think from a chinese perspective for china to have a are where parents are willing to let children, china will have to make progress. we engage on those issues and where we have series discussion but to get

you also worry about cybersecurity at a critical one for structure and certainly worry about the ongoing terrorist threat but they are all related to the border. so there is an epicenter of focus that i think really is itself to the aggregation of all of the right group rights groupe department. but when you suddenly diffuse oversight across multiple jurisdictions, you lose the sense of urgency and in my colleagues point of view under the notion that on a day-to-day enday-to-dayand month-to-month u begin to develop the expertise to ask those follow-up questions they turn it over to the staff member and i'm speaking very respectfully of the staf staff t the point that you made you need aggressive oversight. the executive branch welcomes and the constitution requires it and demands it and suggested, but you don't get that. i think again at the end of the day with large of the executive branch is antiquated we are here talking about homeland security, but i think the congress and the aftermath of 9/11 confused the quantity and it's tough not to give jurisdiction but there's plenty of jurisd

the increase will support base physical and cybersecurity facilities at the idaho national laboratory and protect the nation's nuclear materials and a range of national security at homeland security and other federal agencies. though my colleague asserts the amendment would keep the government from intervening in the private markets, these applied energy programs are strategic investments for our energy independence. i appreciate my colleague's desire to reduce the size of the government but this amendment go taos far by eliminating the strategic investments we make for our own future. i therefore oppose the amendment and urge my colleagues to vote against the amendment. >> would the gentleman yield? mr. simpson: i yield to the gentlelady from ohio. ms. kaptur: i thank the gentleman for yielding. i would also like to rise in opposition to the gentleman's amendment and actually it's quite astounding that someone from the state of california a state that exists because of federal investment through the entirety of its existence, would come forward with an amendment like this. kind of --

>> discussion on nsa surveillance, cybersecurity and internet freedom. we will hear from bruce schneider who is a mother and security technologist. earlier this year he wrote an essay for the atlantic titled how the nsa threatens national security. this event was hosted by the new america foundation. >> we are going to go ahead and get started folks. hi and welcome to new america a nonprofit civic enterprise dedicated to preserving foundational american values in a time of rapid technological change. i am kevin bankston the policy director of the open technology institute which is the tech policy and technical modeling of new america where we are focused on building a stronger and more open internet for a stronger and more open society. i want to thank you for all coming here today and braving the heat or for tuning in via the webcast or c-span for today's panel event national insecurity agency, how the nsa surveillance programs undermined internet security. since they first note and lakes all the controversy around the nsa has been focused on its progra

you name it, cybersecurity.they cowork all year -- they do work all year round in providing great seminars for our staff. i also want to recognize our great team with the nga, and there are a lot of people, but i want to start out with the top executive leadership. dan crippen, dan, thank you forr being our executive director, we appreciate you. [applause] where is he? [inaudible conversations] >> well, you tell him great job. we appreciate him. [laughter] david quam, david moore, jodi omar. [applause] did i say that right? thank you all. shelley irving and also on my project, america works, richard lane, garrett groves and iris palmer did a knockout job. thank you. [applause] i don't know where they are, but thank you. they did a super job putting together all of our materials and giving us something that we can all take home with us. and then i have to tell you that when i was nominated to be the national chair, i went back to my staff and i said, guess what? we got nominated to be the vice chair which means t

as a result with future cybersecurity incidents, there's the potential to exact greater harm than there would be if users were actually paying attention to these issues and being more cautious about how they interact with products and services. >>> also, i'm curious, moving forward, what are the policy options, prescriptions that we have seen so far in how to deal with this issue, the in the meantime sa undermin -- nsa undermining -- >> one of the things is the key between nist and the nsa this is maintaining it statutory requirement, and that nsa taking advantage of that to undermine certain standards. that's dangerous, because the standards are used by developers in lots of commercial products. it's not like about we'll talk about it later where they pick a particular product, but it's the standards used in a sort of variety of things. also a reputation as a standard sett setter, which is something the united states has been a leader in for many years. so part of it is making sure there's not a requirement in our law that allows the nsa to take advantage of nist. on the other side, i

more broadly we share that with the american people the more the american people will support us cybersecurity also dominated the conversation along with the need for america's cyber security infrastructure to better prepare itself for outside attacks in the un congress members and witnesses were eager to point out that while the u.s. is much safer than it was in two thousand and one the threats are still great and diversifying by the day reporting in washington megalo pounds r.t. . do you own an apple device odds are many of you do i do well as security expert now says apple has installed millions of security back doors to devices that would allow the company access to your data including photos browsing history and g.p.s. locations artie's lindsey france takes a look at the allegations that apple is now denying. at a hackers on planet earth conference in new york forensics expert jonathan z. arsk you point out features on apple i o s devices which in theory offer a surveillance level access to data including photos browsing history and g.p.s. locations so naturally people got a little freake

cyber security information protection act keep in mind this is a lot like cispa controversial cybersecurity bill from last year so would strengthen and legitimize the n.s.a.'s surveillance programs allowing sweeping data mining of internet users in the u.s. and force companies to hand over private data without a search warrant already the bill has been heavily scrutinized by privacy advocacy groups who say the legislation lays out broad deaf. missions that could be open to abuse for one they say it lacks department of homeland security oversight and they argue it doesn't include a mechanism that ensures user data won't be shared with agencies like the n.s.a. who could use it for non cyber security purposes of course that concern is heightened now just a year after the release of thousands of n.s.a. documents outlining the full extent of u.s. surveillance programs today's bill passed in a twelve to three vote and a full vote is expected later this year. it's been three years since the u.s. carried out a covert navy seal operation to capture and kill osama bin laden in the days after the succ

we need to remain vigilant and keep our area of cybersecurity where neil: with your most realisticçóearçó does that hurt the of bread or shuts something we experienced 13 years ago? >> we have to be prepared for that eventuality. thereçó needs to be ofpÑçó grea "p% with how interests of theú nsa there is the overreacó( with really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business. ♪ >> you know that thing you have been waiting on for like two years and now it is supposed to be awesome and blow your mind, well, it has been here this all-time. but maybe you just like waiting. neil: remember? samsung is saying, we are cooler than you. all of this comes as apple is considering belatedly to enlarge screen

private cybersecurity researchers say russian hackers have been engaging on industrial espionage on a large-scale, systematically attacking hundreds of western and oil and gas companies and energy investment firms. and they're employing more sophisticated hacking techniques such as planting malicious software into websites that energy workers often visit such as online take-out menus. we're coming right back. >>> president obama refuses to take responsibilitfor the humanitarian crisis on our border with mexico. the manhattan institute's heather mcdonald on what the president is doing, what he should do, and what he won't. should do, and what he won't. next ♪ if i can reach the stars ♪ pull one down for you ♪ shine it on my heart ♪ so you could see the truth ♪ - ♪ i could change the world - ♪ change the world ♪ i would be the sunlight in your universe ♪ ♪ you would think my love was really something good ♪ ♪ baby, if i could ♪ change the world ♪ baby, if i could ♪ change ♪ the world... ( woman speaks ) a message from the foundation for a better life. that's why i always choose the fast

private cybersecurity researchers say russian hackers have been engaging on industrial espionage on a large-scale, systematically attacking hundreds of western and oil and gas companies and energy investment firms. and they're employing more sophisticated hacking techniques such as planting malicious software into websites that energy workers often visit such as online take-out menus. we're coming right back. >>> president obama refuses to take responsibility for the humanitarian crisis on our border with mexico. the manhattan institute's heather mcdonald on what the president is doing, what he should do, and what he won't. should do, and what he won't. next when folks think about what they get from alaska, should do, and what he won't. next they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, peopl

al qaeda expanding, cybersecurity coming at us like a speeding bullet every day, we need a department that can act quickly. and has vision and a budget. . that is unsustainable. we need a smaller committee, an integrated committee, a committee with experts that can help set the bucket and vision for the department of homeland security as it entering into now these new threats and the challenges of these new threats. thirdly, it's important, because as congress makes all these different people come up to 92 different committees and subcommittees, we waste their valuable time. with waste the resources. we waste millions of dollars in taxpayers' money, and we hear congress all the time about waste, fraud and abuse. waste, fraud and abuse, how bad that is. here is a great example of waste, fraud and abuse, and how congress could do it better. we're hopeful by talking about it in these terms and have secretary ridge talk about from his perspective why this must be done now. not five years from now, not ten years from now after an attack. why it must be now. >> let me try to supplement his

russian hackers also hard at work, private cybersecurity researchers say russian hackers have been engauging in industrial espionage on a large-scale, systematically attacking hundreds of western oil and gas companies and energy investment firms. and, they're employing more sophisticated hacking techniques such as planting malicious software into websites that energy workers often visit, such as online take-out menus. we're coming right back. >>> president obama refuses to take responsibility for the humanitarian crisis on our border with mexico. the manhattan institute's heather mcdonald on what the president is doing, what he should do, and what he won't, next. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. there was like an i haderuption on my skingles. and burning. i'd lif

has the tools necessary to update their cybersecurity disclosure guidance and includes an update on cybersecurity disclosure guidance and i thank the gentleman and yield back. the chair: the gentleman is recognized. the gentleman reserves. the gentleman -- mr. crenshaw: i reserve. the chair: the chair recognizes the swrelt from new york. mr. serrano: mr. speaker, i yield one minute to the gentleman from tennessee, mr. cohen, for a colloquy. the chair: the gentleman is recognized. mr. cohen: thank you. i wanted to rise on a provision in this bill that would deny the d.c. council the right to have a different poll sunny marijuana than they've had in the past. i can understand politically the other side not wanting the people of d.c. to have senators and reps because the likelihood is they'd be democrats but to not let them have self rule smacks of colonialism, colonialism of another era, colonialism of the days of jim crow. for d.c. not to have the right to pass their own laws and to deny them to have the democracy. for this won't stop teens from smoking marijuana, it will cause more teens to end u

you also worry about cybersecurity. you better worry about critical infrastructure or an ongoing terrorist threat. all related to the border so there's an epicenter of focus that i think lends itself to the aggregation of all of the right groups within that department. but when you suddenly diffuse the oversight across multiple jurisdictions you lose a sense of both urgency and my colleague's point of view, the notion that on a day-to-day month-to-month, year to year basis you begin to develop the expertise to ask the tough follow-on questions and that only comes from experience and you don't want to turn it over to a staff member and i'm speaking very respectfully of the staff and the point you made. we need aggressive oversight and the executive branch welcomes it. the constitution requires it, at least demands it, suggests it. but you don't get that so i think, again, if the end of the day, writ large, the oversight of the executive branch is antiquated. we're here only talking about homeland security but i think con

next year or two we'll see a big change in corporate practice that leads better to cybersecurity.ll be better. >> for china to halt the cyber campaign against american businesses will take pressure from more than just the united states. coordinating that international pressure is many about more difficult especially over nsa spying revelations and recent reports overu.s. spying in germany. back to you. cheryl: thank you, rich. adam: maybe they have the lois lerner emails there in china. thank you, rich. cheryl: hire a russian kid to find those things. >>> an ignition switch fault that accused at least a dozen deaths could put you at risk even if you don't own a gm vehicle. gerri you have a big special how safe safe a super is driving any car. >> we're dying digging into the gm story, looking at any angle. we're starting starting with a g woman, laura, 27, was set to graduate in march. she never did because she was killed in a gm car. we'll be taking a look at that, that is for sure. we'll be looking at new estimates how many people might have died. it could be as many as we reveal

. >> after several failures, congress is once again trying to pass the nation's first cybersecurity lawce again, there is fierce debate over whether the federal government should be allowed to require the owners of critical infrastructure to improve the security of their computer networks. whatever the outcome, no one can say the nation hasn't been warned. >> since the story first aired, new information about stuxnet has been revealed. according to the new york times, stuxnet was part of a secret u.s.-israeli operation hatched during the bush administration and accelerated under president obama. according to the report, the operation was code-named "olympic games." [ticking] coming up: american agents track the world's most notorious arms dealer. >> he's arming not only designated terrorist groups, insurgent groups, but he's also arming very powerful drug trafficking cartels around the globe. >> the "merchant of death," when 60 minutes on cnbc returns. [ticking] when you run a business, you can't settle for slow. that's why i always choose the fastest intern. the fastest printer. the fa

transitioned to where i can today was what we call today, we didn't call it in those states of cybersecurity. i was terrified that my systems were going to get hacked and in a small bank you can only take that loss one thing you are done. so that keeps you up at night. but hang in there. a lot of it is generational change. >> next question. >> you mentioned 1200 counties that have 1200 monopoly community banks click >> now, 1200 counties only served by a community banks somewhere in that county. we have counties in missouri that are bigger than the entire doing states. vermont is like a county. to think of it like that. >> i was wondering to what extent consumers are well served by having lack of competition among banks. and further, you mentioned not so much be concerned about competition from larger banks, the really non-banks providing cutting-edge services and products and how is that hard for a community bank to do that and how reliant are they on third-party vendors to make the services have been? you know, we are in the street of the great tip o'neill. tape has probably the most famou

cybersecurity researchers discover a huge threat so dangerous and so massive it could mean lights outrgan wright says this intersection of technology and terror is closer than you think. what is going on here? >> neil, about four to five years ago the air force added another domain. they had sea, air, land, space, and add cyberspace and this is an example of how the battle in cyberspace will be fought. not a direct attack right away. there's a lot of reconnaissance activities, strategic data, and then when the time is right they don't launch missile, they launch bits and bytes that shut off our power. >> they're doing it brazenly and -- so how did we catch them? >> a lot of times -- when i was a detective we had people that would do obvious things like case a place or direct your attention or pull the fire alarm to see how fast you respond. this could be a test to see how good our defenses are. what thing does we pick up and how long did it take? these type of weapons, that worried in iran, were built over a period of years, not months. so the next version and the next generation of t

cheryl: we've heard a lot about cybersecurity breaches in recent months, a tale of old-fashioned industrial espionage. the detroit news is reporting the fbi is investigating a former ford motor company engineer after listening devices were found inside meeting rooms. the newspaper saying the fbi seized computers and financial records as well as listening devices. the prime target of the investigation is said to be former ford employee sharon lee. she was recently fired. agents searched her home. no charges filed against leech and her lawyers say she has done nothing wrong. ford is working with fbi in joint investigation involving a former employee but did not give further details on that. the stock is down 24 cents, 17.60. fracking has taken the nation by storm, companies trying to take advantage of the shell gas revolution. american electric power delivered a 15% jump in second quarter profit. they beat analysts expectations on the top and bottom lines, in large part thanks to a boost from states from active shale development. aep stock up over 18% over the last year. let's bring in nick a