From the Financial Services Committee:

Topline Quotes from Witnesses

“…[cyber] attacks are emblematic of the fact that U.S. companies and the U.S. government have been and remain vulnerable to attacks, many of which are by actors linked to nation‐states that are adversaries of the United States. Nor are they isolated incidents. As the most recent annual Verizon Data Breach Investigations Report notes, 2016 (the last year for which data is available) saw more than 40,000 incidents and almost 2,000 confirmed breaches. So make no mistake, cyber threats are real, and recent experience has shown that neither the private nor public sectors are fully equipped to cope with them.” — Paul Rosenzweig, Senior Fellow, R Street Institute

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