of experian uk and heroine. prior to joining experian mr. boundy was ceo of a uk-based management and information technology consultant firm, so without objection your written statements will be made part of the record. each of you will have five minutes to summarize your testimony. when you have one minute remaining, a yellow light will appear, at that time, i would ask you to wrap up your testimony so we can be respectful of both the winses and the committee members time. mr. begor you are now recognized for five minutes to present your oral testimony. >> mr. begor: chairwoman waters, and members of the committee, thank you for the opportunity to be here today. i'm mark begor, chief financial officer of equifax since last april. let me begin by expressing my personal regret for the disruption that our 2017 cyberattack caused on millions of americans. i am here today because we recognize there are things we can do better. credit-reporting agencies like equifax are trusted to protect personal data we hold to hel

. >> same for experian. >> okay. does were policy tend to favor consumers who have been victimized or the entity engaged in the harmful practice? >> congresswoman, i would say we are focused on both. we want to be an advocate for the consumer if they've been impacted in some way. we are very aggressive about auditing the address or. >> that's correct. we monitor the furnishers and if we see repeated bad behavior, we take action and we just don't take their data anymore. >> thank you, gentlemen. madam chair, you are back. >> the gentleman from indiana, mister hollandsworth, is recognized for five minutes. >> good afternoon. i appreciate everyone being here. there have been a lot of specific examples and questions asked but i am a big believer coming from the private sector, into the alignment of incentives, and talking about the incentives that have been structured here. i took a little bit of a break and got the opportunity to look up the market cap for experian at 24 billion, trans union at about 12 billion, and the

. >> según la compañía experian, se robaron números de miles de tarjetas de crédito y de seguros sociales deberá presentar la declaración de impuestos, y si usted es inmigrante sepa que ocultar información podría traerle consecuencias, y en el peor de los casos la deportación, los expertos recomiendan respetar las leyes federales, estatales y locales para evitar ser acusados de delitos federales. >> tras pasar meses sin ver a sus hijos, padre se reúnen con sus hijos. >> era como estar muertas en vida, bañadas en llanto describen estas madres que fueron separadas de sus hijos por meses. >> (llanto). >> la voz de la niña alison, en medio de otros niños fue símbolo de la tragedia. >> me preocupaba no volverla a ver, nos decían que eran niños del gobierno. >> alison todavía tiene flor de piel la separación. ellas viven en houston, la niña va al primer grado y su desempeño es notable, pero hay cosas que preocupan esta madre. >> su cara ha cambiado, ahora es más decidida, se reveló un poco más. >> la niña sigue siendo coqueta, aventada y alegre, me hizo un dibujo y dice que quiere ser artista d

today's tracks take the experian. to another level a sense to him talk composer nobuo uematsu. featured in many bono against his music is bound to give you cause pumps sounds good. in fifteen minutes long t.w. . story so many people hold over information they provide. the fans they want to express. on facebook and twitter up to date and in touch follow us. on the fab panic stricken venue. to really know their stuff. off. curbs with the good morning asked if i'm still. the party and chat with musicians from around the world to. make grooves every week on t.w. . imagine being born. can prove. you want to look for them school. you want to be useful but on the love. when you're sick the doctors know when you fall in love they won't. you don't have children for fear they'll be invisible to. push you. have knows. when you've gone there's no. every ten minutes. ten million people in the world which think they have no nationality i'm told made up of all of them. but everyone has the right to eat everyone has the right to see . the boy . this is good only a news live from berlin student

flight 17, which was shot out of the sign a sudden bomb, the pilot here new something was wrong, a experianhear, and had asked for permission to return —— and experienced pilot. if you can ta ke —— and experienced pilot. if you can take about a tragedy like this, we are going to find out what is wrong. this is not anotherflight are going to find out what is wrong. this is not another flight 370 malaysia airlines were five years on we still don't know. not only is there plenty of information so foul beat preliminary information, this plane crashed on the ground so you have a debris field. when it crashes in the quarter, it can be years before you get the debris field and the black boxes. takes in the water. i think within days we will start to learn that at least in general what will happen here, although the full investigation will probably take yea rs. investigation will probably take years. we heard about the stalling system years. we heard about the stalling syste m o n years. we heard about the stalling system on this relatively new planes and the fact some pilots might not have known a

are they allowed to buy and sell and trade our credit card transaction data, which they get from experian equifax. why are cellular companies allowed to sell our location? why are health and wellness apps able to sell dataware if it was a hospital they would not be able to? allowedrnet company is to sell our search history online. emily: does apple stand out to you from the rest? .oger: apple is not perfect a lot of what they do in china, i object to. but what they are doing in this area is fantastic. for hoping there is a way them to avoid the antitrust problem because i think apple is trying to be a good guy, and they really succeeded. actually does protect your privacy and security in the ways that google's androids does not. i want to reward apple for doing that. there are clearly areas where they are vulnerable, and the spotify case would be one of them. could spend hours talking about this, always appreciate having you here. e, alwaysamme appreciate you stopping by. coming up, president trump says the u.s. is grounding the 737 max, and following the model's second crash in five mont

and sell and trade our credit card transaction data, which they get from experience and equifax -- experianifax and trans union. why are they allowed to sell data that if it were a hospital, they would not be allowed to sell? why are internet companies allowed to sell our search history online? emily: does apple stand out from the rest? roger: a lot of what they do in china, i object to, but what they are doing in this area, they are fantastic. i have mixed feelings and i hope there is a way for them to avoid the antitrust program because i think apple is trying to be a good guy, and they really succeeded. page'scoming up, larry quest for power. how he has fought to make sure he does not lose control of google. nasa wants to can -- return astronauts to the moon, but it will need the private sector to get there. we will discuss private startups next. this is bloomberg. ♪ emily: nearly 21 years ago, larry page founded a small engine we now know as google. it has become one of the largest tech companies in the world. with any company becoming public comes the threat of founders losing control,

and i think the obvious question here is, for equifax, compared to transunion and experian. the data breach announced by marriott this past november doesn't appear to have been caused by the kind of cultural indifference to cyber security the record indicates has existed at equifax. rather, it looks like marriott inherited this attack through its acquisition of starwood. with the size of this breach up to 500 million people were reported to have been affected at one point, requires that we take a close look and learn what happened and why. i have questions about marriott's data retention policies. for example, i understand why a hotel chain might collect passport information in some cases, but i don't know why it would need to maintain records of millions of guests' passport numbers as appears to have occurred in this case. this incident also raises questions about the degree to which cyber security concerns do and should play a role in merger and acquisition decisions. and starwood, marriott acquired a company that it knew had serious cyber security challenges, and it had a

are they allowed to buy and sell and trade our credit card transaction data, which they get from experianifax and trans union. why are cellular companies allowed to sell our location? why are health and wellness apps allowed to sell data that, if it were a hospital, they would not be allowed to sell? why are any internet companies allowed to sell our search history online? emily: does apple stand out to you from the rest? roger: a lot of what they do in china, i object to, but what they are doing in this area, they are fantastic. so the reason i have mixed feelings -- and i am kind of hoping there is a way for them to avoid the antitrust problem. is because i think apple is trying to be a good guy, and they have really succeeded. emily: roger mcnamee, cofounder of elevation partners and author of "zucked." coming up, larry page's quest for power. how he has fought to make sure he does not lose control of google, next. later, nasa wants to return astronauts to the moon, but it will need the private sector to get there. we will discuss the role of startups in the moon to mars program next.

but in the mean tile, vermont, where trw, the predecessor so experian, had said that 3,000 people, almost everybody in the town of norwich, vermont, had not paid their credit bills, not paid their taxes when they had, vermont and california passed new laws and seven states passed free credit report laws. 1996 amendments came about the time that identity became a problem. a big problem so in 2003, congress didn't fix identity theft, but it did give the banks extended preemption and so between 2003 and 2018, every state passed a free data breach notice law and a credit freeze law. before the passage of the s 2155, several states in 2118 had passed new amendments to their credit freeze laws, making them free so the industry came to the committee on the senate side and said let's get the freeze into 2155 but make it preempt is states, so every single time we've had a scandal where the states act first then congress finally acts and not necessarily as well as the states did. the mistakes in credit reports, the first studty in 1990, credit reports were public enemy number one at the federal tra

i think the obvious question here is for equifax compared to transunion and experian. the data breach announced by marriott this past november doesn't appear to have been caused by the kind of cultural indifference to cybersecurity existed atindicates equifax. rather, it looks like marriott inherited this attack through starrwood.tion of peoplean 500 million were reported to have been affected at one point. it requires we take a close look why.at happened and i have questions about marriott's data retention policies, for example. a hotel chainhy might collect password information in some cases but i would need to it maintain records of millions of passport numbers as appears to have occurred in this case. this also raises questions about to whiche cybersecurity concerns do and inuld play a role acquisition decisions. in starwood, marriott acquired a knew had serious cybersecurity challenges. it had actually been attacked before. marriott chose to initially leave the starwood security in place after acquiring the companies. we need to learn more about what the executive

you literally go onto experian, transunion, equifax, and it will say right there, freeze your credit report. go ahead and do that. it's free as i say. a firsthand you're applying for a loan or credit card, have to do is ask the company -- say you're applying.k ashem what credit bureau do you use to check credit, they'll let you no. you go into that one, unfreeze it. it literally is a click of a button and you can click a time frame. if you think it's three days they're goi to be checking your credit, do it for three days or four days a youon't have to worry about it. they'll freeze it for you. >> we talked earlier about the scam season. it's become one of the top complaints that attorneys general are gettingll over the country. >> absolutely. and this is y --'re desperate. if you have thousands of dollars in debt,-ou really it's overwhelming. so oftentimes you will reach out companies. you see them advertised all over tv, all over facebook everywhere, and it says, we can negotiate a settlement for you, wean low ur your debt. here ooh is a couple things you need to know. in 20 the ftc

pandora, experian is leading the losers as far as point reduction.very many stocks down right now. only about 94. we have some breaking news stories. -- renault.oanoke they thought the alliance was still going well and still strong as evidenced. confirmingrenault is it is in talks with a new alliance agreement. talks have not led to a definitive back -- pact. we are also getting a headline out room the international energy. -- energy agency. it is saying oil capacity from opec will be 400,000 barrels a which iser by 2024, like 100 years from now. forecasting up pretty far on sanctions that oil capacity growth is going to be done -- down. mention theuld just engine maker. it is the engine maker that supplies the 737 max jet that crashed this weekend. we will certainly keep an eye on the engine manufacturer, and boeing. european markets are opening higher. this, after u.s. stocks dipped on friday amid -- stocks dipped on friday. give us your big picture thoughts on where we are on global equities, if you could. we saw markets getting a mixed set of dat

every person is different stage in their training and different stage of experian's. and so one size fits if you approach doesn't work for that and i expect it doesn't work for professional development for teachers as well. if you review that eir program and what your proposal is for and how it would change the way we do it professional development. >> thanks congressman. this is a really important initiative i think that in our goal to really honor and respect the teaching profession and teachers, we want to give a couple of different tools to teachers specifically. and give them more freedom to be the best they can be. and the proposal that we put forward as a teacher voucher where teachers could pursue their professional development, customize it for their needs and continue to themselves develop and you know perhaps share with their peers what they have learned but give them a lot more freedom and that development. i have talked with dozens, hundreds of teachers across the country and i hear repeatedly about you know with very few exceptions, the area of personall