i have provided the latest audited statements, which incorporate financial data. i included a five-year forecast. i am very puzzled about the statement that we provided out of date data. the historical data will always be out of date. but we need to know the history before we can make meaningful and accurate forecasts for our future. thank you. >> good evening, commissioners. superintendent garcia and deputy superintendent. i am a parent. i am an educational consultant. i am a community member. i would like to address the recommendation around lack of diligence to the petition process. in preparing for the charter renewal process independent of edison inc., the tractor renewal team, made up of site administration, teachers, parents, and community members found there was no clear process to be followed. as petitioners, we expected to have a process to follow, but there really was none. there was a matrix that was given to us. we were given an example of a successful trader, which we used among other resources, some of which are from california tartar schools associ

of financial data firm sageworks, is the lack of control over most expenses. >> there's fixed costs. they don't have a lot they can do to sort of vary those types of costs and increase their profitability. >> i have a school of thought-- fast to go up, slow to go down. that is just basic good policy to maintain your margin. >> tom: drivers hate to hear that, though. >> they do, but we have to stay in business, too. >> tom: gas may be a commodity, but station owners look for ways to make sure their station's aren't, such as catering to local tastes in hopes of making up some of what they're not making at the pump. tom hudson, "nightly business report," miami. >> susie: we continue our series "pumped up prices" tomorrow. we'll look at how higher gas prices are having a big impact on small businesses. >> susie: another positive day here on wall street-- investors were encouraged by that microsoft and skype deal, and more upbeat earnings news. lots to talk about in tonight's "market focus". speaking of earnings, after the bell, walt disney disappointed investors, posting quarterly number

. >> and also how financial data is coded so it's easily accessed by the public. >> the site can anybody access the dispersal of federal stimulus funds. >> they are not high ticket items. the committee chair says it's a good thing. >> we spend a lot of money doing it wrong and spend more money doing it over. if we can assign our requests whether we are leveraging state and local money if we can refine them it would be better. >> they could incorprate the ideas in future legislation. >>> water bills important millions of residents are going up but there are things you can do to keep your bill in chick. michael finney has a few suggestions. >>> she is passionate about her garden and master gardener is just as passionate about saving money. san mateo memo will be featured in a tour in june. >> we're currently using less than a quarter of the water we were using so our water bill has dropped dramatically. >> it will come in handy because julie's rates will be going up to pay for a seismic upgrade to the water system. rate increase will cover a decline in water usage caused by this year's hea

we would not be able to sell applications online, submit financial data.onto bank accounts and verify information now in real time. without it, we would really be at a loss. it allows us to take a business that might take 15-20 people to run to be run with 10 people from an overhead iperspective. we can come out positions that are dire, especially during times when costs are so hard to control. sometimes, the revenue is out there -- is not out there, so the best thing you can do is try to control costs. >> thank you, and i'm going to ask you to keep on engaging in the discussion. we're going to move to a broader discussion. i want to let our audience know both here and online, feel free to submit questions in the room. if you're on-line, and there should be a place to click to submit questions. we will try to get to as many of them as we can. secretary chertoff, let me move to you. you have many years of experience in this area. you have seen both the opportunities and the threats develop. you continue to be directly engaged in this. can you give us an ove

company that is in possession of your personal data whether we are talking about location data or financial data or other data buffer e.u. longline, secure that data in any particular way. my understanding is that essentially is a decision made by the company based on its own business practices and assessment of risk. one of the arguments that you often hear when we talk about the data retention because there's also no requirement the company maintains data for any particular length of time and impact the ability to investigate and solve crimes and when we talk to privacy groups about the need for data retention for some reasonable period of time to get the data it needs to protect privacy what you often hear is if the company's are required by law to store the data for some length of time that will put them at greater risk of being hacked and it's an open question certainly not one for the congress to consider whether it is appropriate to impose requirements that the data be secure in some way to reduce that risk. >> thank you. before i turn to the ranking member i want to introduce a few key p

you identify four categories of data that are this sensitive, information about children, financial information, medical information, and precise geo- location data. why does the ftc think that before a company gets her share slip your location information they should go out of their way to get your consent? >> we identified those four categories because misuse of the kind of data can have growth consequences for consumers. in the case of location data, as you mentioned and your colleagues mentioned, it can lead -- but falls into the wrong hands, it can be used for st alking. teens and children's have mobile devices and we are talking about teen and children information and their location. location cannot just tell you where a person is that a particular time. it is collected overtime and you can also know what church somebody has gone to, what political meeting they have gone to, when and where they walked to and from school. that is sensitive data that require special protection. >> thank you. let me ask you a related question -- when i use my smart phone, many people can and do get a hold of

they reported the loss of confidential or private data data in the last 12 months, and others experienced district financial losses as a result. most businesses don't back up their data. that's something we're talk about. there are things small businesses can do to improve their posture in this world. we are here to help small businesses overcome security challenges and seize the benefits of online commerce. i expect today's discussion will reveal many small, but significant steps that small business owners can take to protect their company and their customers. let me announce a number of steps that the fcc is taking today with our partners to help this educational endeavor, to promote a safe and secure internet and seize the opportunities of online for small businesses. first, the fcc is launching today a small business cybersecurity section on its website. go to fcc.gov/ fcc.gov/cyberforsmallbusiness. we will be releasing today a one-page tip sheet to help small businesses understand basic cybersecurity precautions. we are partnering, the fcc is, with the u.s. chamber of commerce, with score, and with the

chairman, of my legal requirement of a company in possession of your personal data, location data, financial data, or other use of what you do online, secure that data in any particular way. my understanding is that's a decision based on the company based on its practices and assessment of risk. one of the arguments you hear talking about data retention because there's no requirement they obtain data for a learn -- certain length of time, and when we talk to industry and talk to privacy groups about the need for data retention for some reasonable period of time to make sure law enforcement needs the data it needs to protect privacy, you hear that if companies are required by law to store that data for some length of time, it puts them at greater risk of being hacked. it's an open question. it's one for the congress to consider if there's a requirement for data retention, whether it's appropriate to impose some requirement that that data be secured in some way to reduce that risk. >> thank you, mr. weinstein. i want to introduce a few key pieces of testimony into record. i want to introduce joint

just last week the postal service board of governors for the some sobering data about the postal service's financial performance in the second quarter of this fiscal year on march 31. the board released numbers summarizing revenues for the fiscal year today. these data showed that as those of us who follow postal issues is not recovering the economy as a whole. rather than electronic version, the male is likely permanent despite the postal service's best efforts to bring in new customers and reserve those that it has today. in the period between the beginning of january in the end of this march, mail declined by more than 2% versus last year. this follows two quarters of modest growth. at the same time the postal service had first-class mail last 6% containing its patterns of years of steady decline. these developments are contributing to losses by the postal services. midway through the current fiscal year the postal services and programs than $2.8 billion. his projected losses were $8.3 billion, nearly matching the record 8.5 experienced last year. these volume and revenue numbers are worse than p

just last week the postal service board of governors for the some sobering data about the postal service's financial performance in the second quarter of this fiscal year on march 31. the board released numbers summarizing revenues for the fiscal year today. these data showed that as those of us who follow postal issues is not recovering the economy as a whole. rather than electronic version, the male is likely permanent despite the postal service's best efforts to bring in new customers and reserve those that it has today. in the period between the beginning of january in the end of this march, mail declined by more than 2% versus last year. this follows two quarters of modest growth. at the same time the postal service had first-class mail last 6% containing its patterns of years of steady decline. these developments are contributing to losses by the postal services. midway through the current fiscal year the postal services and programs than $2.8 billion. his projected losses were $8.3 billion, nearly matching the record 8.5 experienced last year. these volume and revenue numbers are worse than p

we wld not be able to sell applications online, submit financial data.e can log onto bank accounts and verify information now in real time. without it, we would really be at a loss. it allows us to take a business that might take 15-20 people to run to be run with 10 people from an overhead iperspective. we can come out positions that are dire, especially during times when costs are so hard to control. sotimes, the revenue is out there -- is not out there, so the best thing you can do is try to control costs. >> thank you, and i'm going to ask you to keep on engaging in the discussion. we're going to move to a broader discussion. i want to let our audience know both here and online, feel free to submit questions in the room. if you're on-line, and there should be a placeo click to submit questions. we will try to get to as many of them as we can. secretary chertoff, let me move to you. you have many years of experience in this area. you have seen both the opportunities and the threats develop. you continue to be directly engaged in this. can you give us

the postal service's latest financial data shows that even the health refunding payment is not made, they face the risk of insolvency and a shutdown in 2012. and even if the 2012 health payment is not made, the postal service would enter 2013 with no cash and no borrowing room at all. more will clearly need to be done. that is why my bill takes important steps for truly giving the postal service had flexibility that those of us in congress say we want to give them to adapt to new realities and operate more like a business. no business facing these kinds of difficulties and challenges would survive for very long if it were told how many retail outlets they should have and where they should be located. or if it were prevented from making operational changes are taking full advantage of the resources and expertise that it has at its disposal. that is what congress does of the postal service. my bill aims to address these problems and take on risk out of the day-to-day management of the postal service. i commend them and the labor unions that represent most of the workers. even if the po

progress in creating the office of financial research which is working to improve the quality of financial data available to policy makers who knew and facilitate more robust sophisticated analysts of the financial system. dodd-frank creates and the treasury is stand up to the consumer financial protection bureau working to protect consumers making sure they have the information they need to understand the terms of financial products. treasury is also working to enhance ability to monitor the insurance sector through the federal insurance office. which for the first time provides the u.s. government dedicated expertise regarding the insurance industry. we have made significant progress in the ten months since the enactment. continuing to move forward is essential to the country's financial well-being. there is no response alternative because if we don't invest in reform now we run the unacceptable risk that we will pay dearly leader and we cannot allow that. dodd-frank was enacted to make sure that our financial system is the world's strongest most dynamic and most productive. thank you, mr. ch

progress in creating the office of financial research which is working to improve the quality of financial data available to policy makers who knew and facilitate more robust sophisticated analysts of the financial system. dodd-frank creates and the treasury is stand up to the consumer financial protection bureau working to protect consumers making sure they have the information they need to understand the terms of financial products. treasury is also working to enhance ability to monitor the insurance sector through the federal insurance office. which for the first time provides the u.s. government dedicated expertise regarding the insurance industry. we have made significant progress in the ten months since the enactment. continuing to move forward is essential to the country's financial well-being. there is no response alternative because if we don't invest in reform now we run the unacceptable risk that we will pay dearly leader and we cannot allow that. dodd-frank was enacted to make sure that our financial system is the world's strongest most dynamic and most productive. thank you, mr. ch

progress in creating the office of financial research which is working to improve the quality of financial data available to policy makers who knew and facilitate more robust sophisticated analysts of the financial system. dodd-frank creates and the treasury is stand up to the consumer financial protection bureau working to protect consumers making sure they have the information they need to understand the terms of financial products. treasury is also working to enhance ability to monitor the insurance sector through the federal insurance office. which for the first time provides the u.s. government dedicated expertise regarding the insurance industry. we have made significant progress in the ten months since the enactment. continuing to move forward is essential to the country's financial well-being. there is no response alternative because if we don't invest in reform now we run the unacceptable risk that we will pay dearly leader and we cannot allow that. dodd-frank was enacted to make sure that our financial system is the world's strongest most dynamic and most productive. thank you, mr. ch

just last week the postal service board of governors for the some sobering data about the postal service's financial performance in the second quarter of this fiscal year on march 31. the board released numbers summarizing revenues for the fiscal year today. these data showed that as those of us who follow postal issues is not recovering the economy as a whole. rather than electronic version, the male is likely permanent despite the postal service's best efforts to bring in new customers and reserve those that it has today. in the period between the beginning of january in the end of this march, mail declined by more than 2% versus last year. this follows two quarters of modest growth. at the same time the postal service had first-class mail last 6% containing its patterns of years of steady decline. these developments are contributing to losses by the postal services. midway through the current fiscal year the postal services and programs than $2.8 billion. his projected losses were $8.3 billion, nearly matching the record 8.5 experienced last year. these volume and revenue numbers are worse than p

we would not be able to sell applications online, submit financial data.e can log onto bank accounts and verify information now in real time. without it, we would really be at a loss. it allows us to take a business that might take 15-20 people to run to be run with 10 people from an overhead iperspective. we can come out positions that are dire, especially during times when costs are so hard to control. sometimes, the revenue is out there -- is not out there, so the best thing you can do is try to control costs

fears of a deepening financial crisis overshadowed the inflation data that suzanne just told us about. the dow lost 100 points, the nasdaq lost 34.5 points and the s&p 500 off nearly 11 points. big board volume closes out the week below 900 million shares. while nasdaq volume fell under two billion shares. in the aftermath of the japan still ahead, tonight's market monitor predicts the stock market will heat up again this summer. eugene peroni is back as our market monitor guest. and coming up, our pumped up prices series looks at how higher gas prices hurt non- profit organizations. >> susie: the people who oversee the funding of social security and medicare are warning that changes need to be made sooner, rather than later to give future retirees a chance to prepare for them. medicare will run out of money in 2024, amid higher projected health-care costs and lower payroll taxes. that's five years earlier than previously thought. social security reserves will be drained in 2036, one year earlier than previous estimates. as darren gersh reports, the news will step up the pressure to m

consulting firm pricewaterhouse cooper says san francisco is third in the world for financial opportunities. the company analyzed data from 26 of the world's leading cities and cited san francisco for the high level of education of its residents and its cultural vibrancy. new york ranked number one on the list, and toronto came in second. >> that's going to do it for us at 5:00. brian williams joins us next with "nightly news." we'll have more on the press conference going on right now at the san ramon pd at 6:00. >> good night.

speaks with ian crane a political analyst who thinks could offer his financial independence may have been the lure for data with your pension. you know let's just also recognize one remarkable piece of coincidence all of the countries that are tagged by the mainstream media on behalf of the political elite all of the countries tiger such as venezuela cuba believe. iran and north korea will have one thing in common we had one thing in common and that is they are free of that from the world bank and they are not locked into the world bank and the i.m.f. they have their own banks they issue their own currency and we also have to recognize the remarkable coincidence between gadhafi statement that he was going to start issuing. and demanding that he's always purchased a gold and then the next thing we know of course then we have a popular uprising. common threats are about to get a joint response terrorism and drug trafficking may have been may have been tackled by president medvedev in his pakistani counterpart i see it i'll use it ari on a four day visit to moscow where he's catarina as are about as more. rus

sony says financial records from an old data base are part of the information stolen. the records are all from people who live outside the u.s. sony already said it's increasing security and moving its play station network to another server after personal information was stolen last month. >>> all right. let's check in on wall street. here's where we start the day. pretty quiet if you look at the numbers. there was quite a lot of activity yesterday as investors around the world sifted through what might happen since osama bin laden has been killed. world stocks down this morning as traders now focus on interest rates. so we'll keep an eye on those numbers and also car sales -- u.s. car sales for april come in this morning. that could certainly effect the markets as well. >>> google says it will cooperate with police who raided the offices of google korea earlier today. south korean police were looking for evidence showing the company collected private information on the location of smart phone users without permission. google has already been accused of collecting pers

data in the u.s. which hinted demand in the country could be slowing down u.s. stocks fall selfie with the dow industrials telling a triple digit loss financial stocks may day along with the broader market in reaction to data showing a still troubled u.s. economy energy stocks extend this slide for a third straight session with the price of crude pulling back to one hundred ten dollars a barrel exxon mobil and chevron are both down with the latter setting any two percent. european markets finished in the red on wednesday the footsie on the docks one point six percent the majors total and b. people fell in the week of market as opposed to top the losers list of the puts the shouting nine percent the world's largest primaries silver producer fresnel zero five percent but banks in portugal rallied on news of a bailout deal for the country also shares and b.m.w. rose by more than a percent on the back of strong profit results. and here in russia two main stock exchanges closed in the red on wednesday the end of two percent lower and the r.t.s. said one point three percent now looking at some of the individual movers on the rise six energy majors and metal miners were

financial documents and budget. it took many months to gather the data for these congregations. >> there are trash cans in the car. >> this nursery school class teacher says alcohol left her unable to work until the congregation intervened. there are many activities whose economic value has been hidden. >> thanks to calvary, i did not have to hit solo before my recovery began. >> churches are central to community life in america. there are 2000 of them in philadelphia alone. churches also play an important role in any society. volunteers cannot match the care provided by governments, as some warn. bikeworks was designed to improve the lives of vulnerable children. government services have become so scarce that charities are left to provide e emergency care. >> making the non profit sector responsible for the glue of people's lives is a little scary. >> for each child riding a bike, hundreds more do not get help. people doubt that a bigger society can be built on smaller spending. >> the cost of budget cuts. from spending to science. doctors in the u.s. say they have made an incredible breakthrough. they have restore

, and at accountable care organization will hopefully create financial rewards for the doctors and hospitals and insurers collecting the data. to increase efficiencies, to provide better data transparency as well as cost transparency, and improve the coordination and quality of patient care. i was sitting there thinking and wanted to end by saying that as we look at consolidation, i heard on the radio yesterday as i was driving home that starbucks is now the second- largest vendor in the country in terms of the stock market. it comes in right behind wal- mart. i was thinking san francisco has had lots of hearings on starbucks moving into neighborhoods, but what happens is the one vendor, whether it is a coffee vendor or a hospital, sets the high mark of how much can be charged. all the other vendors fall in behind. it is not just about competition. it is really about how we allow those vendors to set the high mark and then how we assist the other vendors in creating real competition, so thank you very much. supervisor campos: just a couple of follow-up questions. on that note, what do you do, though, when you have -- you kn

financial reports. present. but there is little satisfaction in the data for egypt. previously unified on live square through a common enemy who borrows resignation so egyptian muslims and christians turn on each other. we want justice we want equal rights. in institutions in businesses police and army and politics. for centuries the coptic christian minority has felt discriminated in a country dominated by eighteen million muslims the revolutionary euphoria has brought a desire for change. people have to sit freedom and they like it now we are kind of fed up of the situation. tensions in the past month have left dozens killed scores injured and several churches burned his muslim woman and her entire family had been welcome in liberation until her twenty four year old son was killed in the street by a greek thrown during sectarian clashes in baghdad a northern flashpoint as the years of simmering religious tension boil over. how we know barack was a dictator maybe he was corrupt but at least we have been able to sleep and our children were alive we never saw the befo

wanted the medical knowledge from the west they wanted the technical data logical knowledge from the west they wanted the financial knowledge from the west they didn't want western moreas they didn't want western customs and they didn't want western ethical and religious principles so i think we've often we've had this kind of ambivalence this is why in a way we can we can we enter a little clique might not be interesting but we cannot do without it and we cannot live with it and i think that's one of the conundrums of our times but i'd very much agree with what rick said in fact my new book the book one of the books i'm working on at the moment is called culture insecurity that what ever else we might see as a kind of you know the positive or negative of the west the question of security becomes absolutely central in any in the in the value system so security i think is another issue that we need to talk about because many people it's not a rational or western about security everybody wants security bill go ahead go ahead go ahead no no everybody wants it you know everybody wants security that's absolutely right

stocks declined sharply on wednesday weighed baikonur of things financial stocks are also lower along with the broader market in reaction to data showing a still troubled u.s. economy energy stocks extend the slide for a first rate session with the price of crude falling back to one hundred ten dollars a barrel exxon mobil and chevron will give the ground. european markets finished in the red on wednesday probably out yes both of which see and ex-pro one point six percent majors total and b.p. both market as a pastor said nine percent on the footsie after the company said first quarter results missed its target but banks in portugal rallied news of a bailout deal for the country also shares in b.m.w. rose by more than a percent about. strong profit results. here in russia two main stock exchanges closed in the red being nice extended two percent lower and the odds he has said one point three percent now let's look at some individual movers on the night six energy majors and metal miners were among the top losers commodity prices fell over four percent while totus gold finished three point three percent in the red and into raw g

but this is the sort of four hours after qatar calls these latest data for freedom all the details coming up in a few moments. financial. investor geisha into spanish banks reveals that a large number have been cashing in on the shady business of illegal arms. were costing lives from the heart of the russian capital you're watching r.t. we start with serbia where a former army chief charged with ordering the massacre but eight thousand muslims and ninety ninety five waits at the sit in on his extradition appeal. which is expected in the hague any day now but his supporters believe justice won't be on his side in that and his country has been in the great since the former generals arrest as more. bringing justice to thousands of victims that's one self-proclaimed success of the international criminal tribunal for the former yugoslavia and it's ready to deliver some more serbia prepares to extradite former bosnian serb army chief that can live which. he's accused of crimes against humanity and origin in one nine hundred ninety five massacre in the village of three but he needs. despite living on the run for sixteen years

even more recently, they have expanded their concept of data security, not just to financial informationbut to things like e-mail addresses instead. and i think it was a very strong and important settlement with the twitter case. i would like to see hr2221 or whatever it looks like in the next generation to expand their concept of personal information not just financial information but to other potentially personal information as well, such as e-mail addresses and things like the epsilon breach wouldn't be effected. companies should have to have reasonable security measures in place. i think the ftc is getting there. i think with enforcement, just merely because of limited resources is not entirely clear, i think, to the rest of the world. that is, in fact, the law. putting it into law would be an important thing. especially with the threat of civil penalties behind it. >> let me ask you this, how do we ensure that a company is holding on to personal data as long as necessary? each company has different needs. how do measure that? >> it's a very tricky issue. there is one the criticisms

financial information. >> potentially that is a big disaster. >> the letter said i.b.m. handles the data could not locate the disk drive. >> i want to know what happened. how do you lose a server? >> under california law, companies must notify consumers when their information is stolen but not required to provide details of the breach. 7 on your side contacted i.b.m. which said they continue to assist health net for the unaccounted serveer driver. protecting our members is the highest priority. health net has acted appropriately to protect affected individuals. indeed, they are offering consumers two years of free identity theft protection, that includes automatic follow-ups and one million in insurance coverage. todd says that is great but what happens after two years? >> how much is enough? how long do i need protection for that. >> there is no magic bullet, that there is no one answer. >> he enforces identity theft laws. he says don't rely on a company to protect your identity. >> set up a file and we're all our own best advocates. >> he says file a police report you can point to late

. >> health and financial information and social security number and everything else. they handle the data and could not locate the disk drive. >> i want to know what happened. how do you lose a server. >> under california law companies must notify consumers if the information is stolen. but they are not required to make details of the breach. ibm continues to assist health net. health net said protecting the privacy of our members is the highest priority. health net has acted promptly and appropriately to protect affected individuals. indeed they are offering customers two years of free identity theft protection that includes one million dollars of insurance coverage to correct any fraud. he said that is great but what happens after two years. >> unfortunately there is no magic bullet, there is no one answer that fits every situation. >> special agent of u.s. secret service which enforces identity theft laws. he says don't rely on a company to present technicality your identity. >> set up a file. we're our own best advocates. >> if someone opens an account or a crime in your name. set up

data. you have another which is requiring the collection and use of passenger name records, from air travelers, and in the financial area, there is the exchange with the united states. this is part of a wider, quite disturbing move of law enforcement into the private sector. >> so what are your real concerns here? are you more concerned about the government's storing and keeping the data or the data getting outside of government control? >> i think both are a concern. when the data is collected, it represents a security risk, and that can be seen upon from sony, for example. if data is collected, then it must be collected for a clear and necessary purpose, and this is not the case here. >> joe, from the advocacy group, thank you very much. and that is our "in depth, as germany prepares to habits% this in 20 years is. the last one had court challenges and protests. compared to last time around, there is little objection. thank you for joining us here at "dw-tv."

financial information. >> potentially that's a big disaster. >> the letter said ibm handles the data and it could not locatedrive. >> i want to know where my information is. i want to know exactly what happened. how do you lose a server? does somebody wheel it out the door? >> under california law, companies must notify consumers when their information is stolen. but they're not required to provide details of the breach. 7 on your side contacted ibm which said only "ibm continues to assist health net with its investigation of unaccounted for server drives." health net said "protecting the privacy of our members is of the highest priority. health net has acted promptly, decisively and appropriately to protect affected individuals." indeed, health net is offering customers two years of free identity theft protection, that includes fraud alerts and $1 million of insurance coverage to correct any fraud. todd said that's great but what happens after two years? >> how much is enough? >> unfortunately, there's no magic bullet with this type of -- there's no one answer that fits every situation. >> that special age

financial information. >> potentially that's a big disaster. >> the letter said ibm handles the data and it could not locateve. >> i want to know where my information is. i want to know exactly what happened. how do you lose a server? does somebody wheel it out the door? >> under california law, companies must notify consumers when their information is stolen. but they're not required to provide details of the breach. 7 on your side contacted ibm which said only "ibm continues to assist health net with its investigation of unaccounted for server drives. health net said protecting the privacy of our members is of the highest priority. health net has acted promptly, decisively and appropriately to protect affected individuals. indeed, health net is offering customers two years of free identity theft protection, that includes fraud alerts and $1 million of insurance coverage to correct any fraud. todd said that's great but what happens after two years? >> how much is enough? >> unfortunately, there's no magic bullet with this type of -- there's no one answer that fits every situation. >> that special agent, ch

data prices. it will help for verizon and at&t. things we want our now on our phone. >>pam: rob will be back to talk about the financial us all. will be back with more news after the break.

all those who worry about their personal data he's a close on your account and let's keep giving somebody hell for failing to encrypt their customer's financial information. now in the wake of wiki leaks one upping every news organization on the planet with a large trove of classified information they receive the major newspapers are trying to cut them out of the picture as we've told you before on this show the new york times and the guardian have been working on creating their own leaking sites and yesterday rupert murdoch owned the rupert murdoch owned wall street journal launched their own leaking website called safe house but is this going to be enough to cut out wiki leaks to inspire whistleblowers to come to their site instead it doesn't seem so if you look at the fine print in the wall street journal's terms of conditions those leakers who choose to remain anonymous must first enter into a confidentiality agreement that states that any information sent to the journal can be used in any purpose as in they hold the right to disclose any information about the leaker to law enforcement authorities without notice in order to comply with la

financial support. iran provides them an even iran has brought a complaint to the united nations. [speaking arabic] >> translator: on the data people win and i'm sure they will plan, you know how many people exist they are would appreciate iran? [speaking arabic] >> translator: let's not forget that both countries, yemen and bahrain are small countries. the [speaking arabic] >> translator: i remember at the time that i went to school, we were taught that bahrain was a province of iran. [speaking arabic] >> translator: it gained its independence later. [speaking arabic] >> translator: they are both small countries with regard to the power of iran, with regard to the largeness of the country of iran and population of iran. both of these countries can become puppets of politics of iran. [speaking arabic] >> translator: we have to be aware that these two countries do not follow within the trap of iran and iran's unhealthy should not go there. sub 10 [speaking arabic] >> translator: and helping them -- [speaking arabic] [speaking arabic] >> translator: twice a many people as were killed and tunisia and egypt have been killed in b

data in its investigative warehouse to identify financial patterns associated with money laundering, bank fraud and other be a or entitled honoring financial activities. secondly, organized crime drug enforcement task force fusion center combined s.a.r. data with other data, quote to produce comprehensive, integrated intelligence products and charts. third, the i.r.s. uses s.a.r.'s to identify -- quote -- "financial crimes, including individual and corporate tax frauds and terrorist activities." we received a letter just today from the attorney general of the united states strongly opposing this amendment of senator paul. and this is -- this is what the attorney general says. s.a.r.'s are used to alert intelligence and law enforcement personnel to issues that warrant further investigation and scrutiny. the purpose of the s.a.r. regime to require financial institutions to report on suspicious activities based on information -- and this is the key point -- that is solely within their position. prior to the filing of a s.a.r., the attorney general said our law enforcement and intelligen

was responsible for the wind out of 56 financial institutions in hotbed questions as to just how readily they are to handle the new responsibilities. according to data from the web site, the total assets of those 56 financial institutions wound down to 2007 was about $12.23 billion or an average $218 million per banks. most were smaller than that. at lehman brothers had $639 billion of assets. this is the largest bankruptcy in american history and it was 50 times greater than all of the combined assets of the banks that the fdic shutdown over the 12-year high time. what makes them wind down such a large institution? >> it may better attempt the failed bank assets over the past 2.5 years. washington mutual was over 300 billion and was resolved over a weekend, a process that was not a similar. we ensure these banks and we understand them. and i get this question sometimes, people try to paint it. we ensure these big banks. regrettably participated in the bailout of some very large bank. unclear quite prepared. and complex financial structures, with a very smart people that do this for a living. we're the only agency and the world that has the experien

>> yeah, i mean moat of the state data breach laws only require notification in the event of a chance of financial breach. and the states vary. some of them say notify until you can prove that there are -- nothing went wrong. some of them require some thought there might be harm. if i lost my credit card, business lost the credit card numbers, i would have no reason to know they were used. i think those go undetected. i think a lot of the things like what happened with epsilon. because it is personal information, but not financial information. there's no requirement for those companies to take them out and say, hey, we lost your e-mail address. and to the contrary, we recommend not to do that. so i think, yeah, there are a lot lot -- i think goes under the radar that we don't know about. >> i yield back. thank you, madam chair. >> gentleman, and the chair recognized mr. stearns. >> thank you, mr. vladeck, when i did the bill on the 109th congress, there were less than 30 states that had passed data security legislation. now there's 46 i'm told. what i'm curious, it would seem to me with almost the