ms. caldwell: i can't wait to see what they call two dozen 16, but i can't imagine it's the years of the breach will be stopped. we have seen a series of invasive and damaging data breaches that have targeted some of our largest businesses across the spectrum. they are focused on banks, they are focused on all sorts of companies. the victims have ranged from really any company that has personal identifying information that can be monetized and sold -- they are at risk. that could be a mom-and-pop tax prepare a business, the committee huge bank, it could be a health care data. these breaches or really anyone who has this kind of data. is the data that hackers are seeking so they can sell it on dark markets. one study last summer estimated the annual loss now to the global economy from cybercrime is about $400 billion. last week there was a study that said by 2019, the number will grow to $2 trillion. think about that. this is all money is flowing out of our system, intellectual property that's being stolen these numbers are huge and daunting. it doesn't even count the damage that happens

ms. caldwell was confirmed at the assistance attorney general. during her first year as head of the criminal division, aag caldwell has made prosecuting cybercrimes a top priority. she has innovated new initiatives that not only seek to investigate and put cybercriminals behind bars but also proactive strategies that aim to collaborate with the private sector and law enforcement around the world. one of the highlights of her first year was the creation of the cybersecurity unit within the division's section. please kindly join me in a warm welcome to assistant attorney general leslie caldwell. >> thank you, and also thank you for just not coming out and saying that i'm really old instead of saying the 10 years and 30 years, i was starting to think, my god, really. really, good afternoon, thank you so much for inviting me to speak here today. as all of you know, cybercrime and cybersecurity are very complicated and challenging issues. they raise concerns that really defy simple solutions. they off defy our traditional criminal investigative tools.