to sell them their services they may can bribe you with credit protection for the price of course equifax has a major breach and geez louise these folks mr cohen joins a growing group of high profile people joining blocking based companies such as the former commodities head of j.p. morgan blith masters. you may have heard that starting november first amazon will raise the minimum wage it pays for workers here in the united states to fifteen dollars per hour the move covers some two hundred fifty thousand current employees an additional one hundred thousand seasonal workers that certainly sounds like news for getting those in the increase but there are some who are saying that the raise isn't all it appears to be and that the move may actually her workers at amazon and other companies in the long run and what about amazon workers and their working conditions in other parts of the world here with the answers conservative commentators steve malzberg and hillary for which president and founder of mark business development consultants thank you all for being here pre-shared it. hey steve let'

four hundred twelve million users were leaked last year a cyber attack on american credit bureaus equifax the social security numbers birth date addresses and driver's license numbers for one hundred forty five million people data that enable criminals to apply for loans in other people's names. a growing number of attacks now involve ransomware which disables computers in charge of production lines docs and hospitals generally those talks that have to pass some of the cryptocurrency to restore access. the news from cathy pacific has millions of customers now worrying about the misuse of their personal data. on itself is under pressure to explain why it took seven months to make such a massive data breach public. one of those questions i'd like to discuss with her is a locker she's not here but writing for vice germany welcome to the tourism how serious is this breach it is pretty serious there are over nine million costs of affected and. has a lot of personal doubt. in these accounts that were exposed. it is not that serious in the regards that there are only expired credit card informat

hundred twelve million users were leaked and last year a cyber attack on american credit bureaus equifax leaked the social security numbers birth dates addresses and driver's license numbers for one hundred forty five million people the data that enable criminals to apply for loans in other people's names. a growing number of attacks now involve ransomware which disables computers in charge of production lines docs and hospitals generally those targeted have to pay or some of the cryptocurrency to restore access. the news from cathay pacific has millions of customers now worrying about the misuse of their personal data. the airline itself is under pressure to explain why it took seven months to make such a massive data breach public. now when years of mass tourism take their toll and once pristine beaches are almost beyond repair it's sometimes only one solution shut it down that's what the philippines government did with its most popular tourist destination after half a year it's open again and we sent our reporter john l. to larn for a little working holiday. has waited six months for

hundred twelve million users were leaked and last year a cyber attack on american credit bureaus equifax leaked the social security numbers birth dates addresses and driver's license numbers for one hundred forty five million people data that enable criminals to apply for loans in other people's names. a growing number of attacks now involve ransomware which disables computers in charge of production lines docs and hospitals generally those targeted have to pay a summoner cryptocurrency to restore access. the news from cathy pacific has millions of customers now worrying about the misuse of their personal data. the airline itself is under pressure to explain why it took seven months to make such a massive data breach public. market should ski's co-founder of the technical take the lead based ngo that deals with data security why i hack is targeting and lights over the whole why not are getting the data because that's the chaos of the day after it's probably because easy maybe they don't respect certain rules maybe they neglected those and so forth and they have enormously important perso

the three big credit agencies, equifax, experian and transunion are required to wait 180 days before putting an unpaid medical bill on your credit report. so if you're disputing a claim -- let the hospital or doctor's office know you need more time to sort things out. if the insurance company ultimately pays a bill, it has to be taken off your credit report. >> you have to follow-up with your health care provider to get proof of payment. you might have to insist that the debt is removed from your credit report. >> bill townsend hired a medical billing advocate to help him resolve his bill. it wasn't cheap but saved his sanity. >> like a great weight had been lifted off. >> now final notes. don't use high interest credit rate cards to pay bills. instead i many health provider offer installment plans to help you make the payments with no or little interest. the patietient advocate foundat can be a good place to go to help you. i have posted that on the website. you can check it out there. >> thank you, michael. >>> going to the weather. >>> now your accuweather forecast is sandhya pate

how much of that total had to do with cambridge analytica, equifax, net neutrality, the steady drum beat of privacy breaches which continue through google plus? >> yeah, i think the over arching reason for raising the capital was that, one, there really isn't a real mainstream solution for addressing these growing security and privacy -- >> have you seen the reference to becoming more mainstream through your service, there's a reason for that. >> nine out of ten americans have never even heard of vpn much less what to do with it and how to install it? >> yet if you look in the app store, it's among the top most 100 downloaded apps. if you look at the apps it's facebook, spotify, twitter. most of them are making money from exemployediploiting your d we're making money from protecting it. the first three companies online are yahoo, google and facebook. they're all in the business for exploiting your data. we're in the business of protecting your data. >> consumers always say they care about privacy but that doesn't necessarily mean they want to put much work into protecting their privacy.

because facebook, you know, they know no state lines, there should be national standards for when it's equifax or target or facebook, different companies that had brooeceaches. there's a standard. so people can defend their own identity ainst other invasions that could occur. >> all right, congressman, always a pleasure to have you, thank you for taking the time. >> thank you. >>> moving on to immigration, a new federal report has uncovered dangerous and disturbing conditions at an immigration detention center this southern california. the facity is run by the geo group, a private company under a contract with u.s immigration and customs enforcement or i.c.e. and inspectors with the office of the inspector general p surprise visit there and found nooses made from bed sheets in 15 cells anda dees were being denied from timely adequateedical and dental care. the trump administration was blocked from ending a program that gave protected status to hundreds of thousands of imoigrants. >>> ng me now to discuss it is our news reporter. and michael kaufmann, a aclu taff attorney. let's start with the

four hundred twelve million users were leaked last year a cyber attack on american credit bureaus equifax leaked the social security numbers birth dates addresses and driver's license numbers for one hundred forty five million people data that enable criminals to apply for loans in other people's names. a growing number of attacks now involve ransomware which disables computers in charge of production lines docs and hospitals generally those targeted have to pay or some of the cryptocurrency to restore access. the news from cathay pacific has millions of customers now worrying about the misuse of their personal data. on itself is under pressure to explain why it took seven months to make such a massive data breach public. one of those questions i'd like to discuss with there is a local she's not here but writing for vice germany welcomes to the tourism how serious is this breach it is pretty serious there are over nine million costs of affected and. has a lot of personal. in these accounts that were exposed. it is not that serious in the regard that there are only expired credit card info

four hundred twelve million users were leaked and last year a cyber attack on american credit bureau equifax leaked the social security numbers birth dates addresses and in some cases driver's license numbers of one hundred forty five million people data that enabled criminals to apply for loans and other people's names a growing number of attacks now involve ransomware used to disable computers for production line stocks and hospitals usually those targeted have to pay a sum in a crypto currency to restore access to news from cathay pacific has millions of customers worrying about the misuse of their personal data the airline itself is now under pressure to explain why it took seven months to reveal such a massive data breach. mark tidd should ski is good founder of the technical take the lead based ngo that deals with data security why is targeting lights over the whole why how because i thought getting the data because that's the chaos of the day after is probably because easy maybe they don't respect certain rules and maybe they neglects the rules and so forth and they have enormously im

sony, equifax, name your big breach, yahoo!, these are software attacks. cutting-edge of the cutting-edge. off,are difficult to pull they require money and effort. only nationstates do them. the significance for u.s. officials of the discovery was that this was a leap forward for china in terms of, china's abilities to manipulate hardware bound for u.s. based companies. alix: we saw some of the verbiage strong. amazon and apple saying it is untrue. what was the reporting from the china side? the response? reporter: the company's responses, we take them seriously. we evaluate them and check with sources, we circle back to sources. for this story, this was a constellation of sourcing, including inside those companies, senior people inside aws and apple that outlined in extensive detail what happened at those companies. so we cannot force a company to modulate the public statement. all we can do is present information. in response to china -- the chinese government was the one entity in the story that would not addressed directly our fax we presented. that ch

i recently had the one-year anniversary of equifax and those angry congress critters on both sides of the aisle and nothing has changed. nothing. so if you are a company that is where it matters. so how do we get policy? and the penetration of the telephone took about 40 years. and policy can't move that fast and how we design government to be agile is an open question and a very hard one. with a government that is at least as fast as tach and that isn't happening. specifically had a follow-up from the national governors association you proposed a federal solution for talking about moving faster and with that sustainability to regulate in that space. so why do you suggest that for space to move faster as laboratory. >> so here is what we should do but that will never happen i think the states will move quicker. and i think that is good. but it is a tough issue because we need the regulation local and not global everything in the middle is not that great even us government is in the right spot. those world governance we are terrible at so those are what actually could do something but

we saw with the equifax and facebook breaches, people were not notified for months or years.would require them to be notified right away. right now they do not have to get people's consent to collect data. you have to sign a service agreement but after that, basically they have carte blanche. this would impose a consent requirement. it would require them to tell you what they are doing with your data. it would really put a fair amount of responsibility on tech companies. that said, it is not overbroad. it is well-crafted. doeshe danger is if tech not support well-crafted regulation, you could see more taccone and measures that actually hurt -- draconian measures that it hurt innovation. my hope is that people like tim cook who call for regulation will realize they should get on board with reasonable regulation. it does not have to be support from my internet bill of rights, conversation starting point and hopefully they will engage with the congress to get good legislation. brad: that was ashley my next question, which is what have you heard from the big tech companies? we've

we talk about the misuse of data on the equifax issue, which to me is always amazing because equifax, there was a patch. there was a patch that had to get done and somebody didn't do it. this whole issue of hygiene is something that we work really hard on in the state of washington, trying to clarify with our national guard and everybody else. these are the basics of hygiene that you need to be doing every day to protect your business or home, devices, what have you. misuse of data is also of concern and not just the theft of somebody leaving you vulnerable, but the actual misuse of data. should that be covered under those ftc fines or regulations? could you comment on that? ms. moy: and our proposals that we are working on with a number of your staff, we are particular concerned about secondary uses or extraneous uses of the data collected for one purpose and then used by the same country for another purpose, particularly if that data is , consumersitive biometrics or children's health data. ms. o'connor: we are obviously concerned about third-party transfers that were unexpected to

we will have a hand equifax kind of hack and they will have personal information about you.hey will send something that has your social security number. you will open the message and it won't be written that it would be the next iteration of fake news and so the leader here in georgetown will come out and start yakking at you so it will combine the technology with cyber intrusion is and the least of the problem problems would be politics. the ability to manipulate markets to destroy a company and then people will say politicians, why didn't you do something and we will do something stupid. >> i'm glad you brought up that point because it seems when you are a lone voice in the wilderness screaming about this stuff they are trying to figure out what they did in 2016. >> what you were talking about, and i think there is a real opportunity and i would appoint the most recent hearing with sheryl sandberg from facebook and the google folks didn't show up, but our committee nobody went wacky saying the algorithms were biased. whatever views you had. it will make sure that you keep

this is not the usual kind of sony software hack, or equifax. this is about hardware. that is what makes the story that much more fascinating and troubling. it exposes this hardware supply jane that we have, this great conveyor belt from china. our sources say this has been compromised because of this. it happened in 2014 and 2015 but the investigation remains ongoing because it is such a great concern. jason: as editor of the magazine, your job is to be looking around the corner. where do you take this from here? joel: this is not something that affects every company that has used supermicro before. in 2015, they had 900 customers. we are saying that according to our sources, almost 30 companies were impacted. that is a small fraction of the bigger number. but it does expose this vulnerability that can affect so many different industries in a place that no one has been looking before. the question becomes -- what can we do about this? as the story explains, there are not a lot of great commercial options for doing this. x-ray machines where you're looking for a chip t

four hundred twelve million users were leaked last year a cyber attack on american credit bureaus equifax leaked the social security numbers birth dates addresses and driver's license numbers for one hundred forty five million people data that enable criminals to apply for loans in other people's names. a growing number of attacks now involve ransomware which disables computers in charge of production lines docs and hospitals. generally those talk that have to pass someone a crypto currency to restore access to the news from cathay pacific has millions of customers now worrying about the misuse of their personal data. the airline itself is under pressure to explain why it took seven months to make such a massive data breach public. when years of mass tourism take their toll and once pristine beaches are almost beyond repair as sometimes only one solution shut it down that's what the philippines government did with the most popular tourist destination that it has after half a year it's open again and we sent our reporter on for a little working holiday. has waited six months for visitors t

equifax and yahoo!.t seems to have been the consumer let's get data and figure out, let's get critical -- credit card numbers and things along those lines. these are too big, the companies we have written about, toocritis and things along those big consumer companies. what sources told us is what the hackers were after in this case was intellectual property. in some cases, they wanted sensitive government data that would have been traveling across the networks. it seems to have been what they attackers -- attackers were after in this case. in the story was so long making. you have gone out with all of the companies involved we have have to do is from amazon and apple. taken those responses and how much heavy focused on making sure that they have their say? >> we published their denials in full in the magazine and on the terminal. we take them very seriously. we had to weigh that against what we heard from our reporting. in the story, the reporters conducted more than 100 interviews and spoke directly to

, 143 million people, heather solstice could be numbers exposed to hackers because of a breach at equifax. the switch network has relayed hundreds of millions of dollars in fraudulent transactions because of hacked member banks in bangladesh, vietnam, ecuador and russia. the fbi suspects now that the t of the tax was perpetrated by north korea. corrupt low-level employees at an indian bank punjab national reboot of fraudulent certified swift messages stick of $1.8 billion. the largest electronic bank robbery in history. in fact, it's the largest bank robbery in history. in october 2016 an estimated 1.2 million internet connected devices were hacked into new to a botnet that for several hours make prominent websites unavailable across europe and north america, including cnn and fox news. the "new york times" and the "wall street journal." increasingly, physical machines are being connected to the internet, to augment their capabilities. they are wired through servers that are owned and maintained by private and trusted intermediaries. the so-called internet of things. pacemaker some from s

get anything in what we were going to have the next iteration will happen will be we will have and equifaxck were someone takes hundred 50 million americans precise information and then they will have this precise information about each of you, then you something that has your security number or something personal that you say i must know this and you'll open the message and the message will be written but will be the next iteration of big news which will be big video and so the iot leader here at georgetown base will come out and start yakking at you but it won't be [inaudible] you can find technology with cyber intrusion and the least of the problems will be politics. the ability to manipulate markets or destroy a company and then people will say oh my god, politicians, why did you do something and we will do something stupid. >> i'm glad you brought up the point because there are times where it seems to me like you're a lone voice in the wilderness screaming about the stuff except that no one is paying attention in the trying to figure out how to catch up to what these guys did in 2016.

you know, in the corporate world, defending systems is difficult and you can look at uber, equifax, hbo, sony, companies that have invested hundreds of millions if not billions of dollars to defending systems. in the election sphere we rely a lot on building resiliency, and that is the ability to detect when something bad has happened and to recover from it. that's where we're spending a tremendous amount of our time and that's where a lot of the recommendations like the one the brennan center put out recently, are focused. not just on defending systems but on continuing a strong business practice even in the event of a successful intrusion. that's where we put most of our efforts. >> so for people in the audience who may not spend their days thinking about elections, we heard a lot of contingency plannings and resiliency. could you give a concrete example? and it doesn't have to be because of a hack, but something that might go wrong in one of these connected systems and what the planning is to recover from them? >> sure. i'll hop in real quick. so things like unofficial election resul

will go after wells fargo, deutsche bank , because of those connections with president trump, also equifax data. they are worried about if the democrats get the majority, they have the power to investigate. alix: t minus six days. we will be joined by the general motors cfo coming up. stay tuned. this is bloomberg. ♪ ♪ alix: nightmare on wall street. global equity markets lose $8 trillion in october with u.s. on performance slipping, cyclical sectors all into correction. china caught in a broad services and manufacturing weakness marika leading fears of a global growth -- getting lowered. earnings to the rescue. facebook outlines the new vision. gmc hitting the high profit for the year. we will speak to the cfo. david: welcome to "bloomberg daybreak: americas." i'm david westin. we are getting a lot of earnings in. we are waiting for kellogg's and glaxosmithkline. gm shut out the lights. adjustedxosmithkline 2018 adjusting earnings growth at 8% to 10%. looking for their longer-term guidance, some concerns about the dividend being at risk. we are winning for more information on that. the lo

, equifax -- a lot of those were aimed at helping perpetrators get access to consumer information, credit card data, things along those lines, information about normal people. we understand the purpose was to -- a couplewas to of important things. about theselearn companies operating data servers? can we gain intellectual property, figure out trade secrets? the idea is can we learn sensitive information that will help us get ahead as a nation, as a technology provider? some of the users are government institutions, agencies. it is sensitive national security information we can get access to buy manipulating chips and getting inside data centers and using that as a launchpad for obtaining information. shery: do the intelligence officials in the u.s. 70 idea this could happen? tom: they had been on the lookout, on high alert for a while. these events took place in 2014, 2015. it has been a few years to the in datay of these chips centers. some u.s. officials had been on the lookout, and there had been -- they picked up on intelligence supermicro might be used as a conduit, and those fears w

elizabeth: sure, so there are some popular target, like wells fargo and equifax.t think that executives from those institutions have necessarily been held accountable for their alleged misdeeds that have occurred at the terms the past few years, so definitely expect investigations, hearings with executives on capitol hill, as well as legislation that may affect both of those companies in the broader industries. deutsche bank is another popular target, particularly of maxine waters, who was in line to chair the financial services committee. she has been very vocal and outspoken about impeaching president trump and looking into digging up dirt about the president's financial ties, which in some cases run through deutsche bank. vonnie: how much is this about economic, financial and regulatory issues, and how much is about social issues? elizabeth: it is across the board. a lot of that individual giving is broader and outside the scope of just financial service policy and financial regulation and what is expected to be on the agenda. corporations,hose hacks, and indiv

. >>> on the flip side, amd down following weaker than expected guidance equifax in the red and big-timedrop in profit wpp on pace for its worst day in more than two decades after a big slowdown in client spending. let's go to sue herera for a news update. >> hello, ty here's what's happening at this hour, everyone thousands of central american migrants spent the night in southern mexico before resuming their journey north to the u.s. border mexican officials estimating the size now at 4,000 to 5,000 and that is less than the 7,000 that were part of the group earlier this week. >>> u.s. troops joining other allied forces in norway as nato kicked off its largest military maneuvers since the cold war some 50,000 troops are taking part >> maritime, suffering the most important we had since two decades and maybe more than t t that, with 35 ships in my force. 17 total very huge force. very great opportunity of training >>> and french spiderman climber robert taking on one of london's tallest buildings without ropes. it took him an hour to make his way up the 750-foot tower. police kept crowds

s 12155 was inspired by the equifax data breach which compromised the personal information of more than 145 million americans. including nearly 4 million hoosiers. 60% of hoosiers were impacted which is the highest percentage of any state according to data from the "wall street journal". americans deserve the ability to monitor and protect their files from criminals seeking to steal their oddities. i will highlight three new provision i helped author. one, as of ten days ago every american can now freeze and unfreeze their credit files and set year long fraud alerts all free of charge. two, starting next year active duty service members will receive free credit monitoring to make sure their credit files are kept safe while they keep us safe and three, veterans will no longer be penalized by medical payment delays at the department of veteran affairs and remove va related mistakes from their credit files. due to these three provision consumers and service members and vets can now better protect their credit files and safeguard their personal information against fraud and identity theft.

it's the last thing i want with the equifax hacking and everything going on about security, the last i want is somebody to pull up my ultra fico to see how much cash i have in a bank account. maria: and how you're managing your money, all your accounts. >> yeah. maria: savings, checking. >> to the question, i think you're right on. i think americans are tired of having their personal information essentially taken from them. and i think this is going to be something to watch in terms of regulation in the coming years, whether it's the information that facebook and google possess about us or credit rating scores, because i think we have a sense that we have no control over this information. dagen: what about with the new fico score, is this a way to essentially offer people even more credit, if you will, that this is at a time when people are increasingly stretched, that you've seen auto lending particularly on the fringes of people with very low subprime auto lending being pulled back on. is this a way to shine up people's credit scores and maybe them more palateable to the lender. >>

conversations] >> a decade from now as a watershed for consumer data privacy - - privacy with the equifax data breach made the headline shortly thereafter we brought the then current ceo before the committee before an accounting than the commerce committee and judiciary committee held a joint hearing with mark secker berg after cambridge analytic a acquired access the european union regulation with many privacy mandates in severe hearings and other facebook partners to examine data privacy risk while the cambridge university academic of the controversy testified that the c-letter act was signed into law to take effect january 1st , 2020, it has many mandates and penalties for violators. this puts consumer data privacy on congress' doorstep. but no longer whether we need a federal law but what shape will that latte? it with those leading technology companies that is often a temptation as if they are all the same they have very different approaches to consumer data. and to have privacy concerns and how new requirements affect them. and as they plan to comply with the consumer privacy act an