“The Chinese are in a Massive Campaign in Collecting Data”: Part II of Vlog Series on Banking Cybersecurity

In the second vlog of our High Tech Heist Series on Banking Cybersecurity, Dr. Roslyn Layton sat down with Congressman Robert Pittenger to discuss the growing threat of Chinese data collection and the ways in which we can prevent rising technology issues.

From 2013-2018, Congressman Pittenger represented the Charlotte, NC area, the country’s second-largest banking center by assets. At the time, he served as Chairman of the Congressional Task Force on Terrorism and Unconventional Warfare, and as Vice Chairman of the House Financial Services Subcommittee on Terrorism and Illicit Finance.

Congressman Pittenger was a lead author of the 2018 Foreign Investment Risk Review Modernization Act (FIRRMA), which reformed the Committee on Foreign Investment in the United States (CFIUS) to crack down on malicious foreign investment targeting national security technology.

In their conversation, the Congressman discusses his work at CFIUS and the ways in which he confronted U.S. industries, including banking and the military, about doing business with risky Chinese technology vendors, including Lenovo. He notes that “with Lenovo we had to fight DoD to prevent the Air Force from using Lenovo and we finally prevailed.”

He also discusses the importance of allied cooperation when facing down growing threats of criminal cyber activity in banking, as well as across a range of industries.

Please take a moment to check out the latest vlog here, and stay tuned for more in this series.