ABSTRACT

After the Breach: The Monetization and Illicit Use of Stolen Data, Hearing Before the Subcommittee on Terrorism and Illicit Finance of the Committee on Financial Services, U.S. House of Representatives, One Hundred Fifteenth Congress, Second Session, March 15, 2018   [open pdf - 6MB]

This is the March 15, 2018 hearing on "After the Breach: The Monetization and Illicit Use of Stolen Data," held before the U.S. House of Representative subcommittee on Terrorism and Illicit Finance of the Committee on Financial Services. From the opening statement of Steven Pearce: "In today's hearing, we will examine the economics of cyber crime, the monetization of stolen data from cyber attacks, the role the dark Web marketplaces play in helping criminals profit from their theft, and how illicit proceeds are laundered into our financial system. Last month, the Council of Economic Advisors released a report estimating that malicious cyber activity cost the U.S. economy be-tween $57 and $109 billion in 2016. And this cost is expected to climb as more devices become Internet connected." Statements, letters, and materials submitted for the record include those of the following: Lillian Ablon, Joe Bernik, Nicolas Christin, and James Lewis.

Report Number:
Serial No. 115-81
Publisher:
Date:
2018
Copyright:
Public Domain
Retrieved From:
Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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