Okay, well, in the interest of keeping on the schedule, we're going to get started.

This is Dr. Ash Carter, a deputy secretary of defense, and Alex Stamos, who's the Siso of Yahoo.

I'm John Jack. I'm a board partner at Andresen Horowitz.

I'm 59 years old.

And yesterday I was reading the paper, listening to Frank Sinatra.

And at the same time, I opened my mail.

And I had, and this part's true.

I was actually listening to ACDC, but he wouldn't know that.

So I opened my mail and I did have a new charge card from Visa as a result of the Home Depot breach.

And as we've seen in the news, there's the Home Depot breach, there's the Target breach, which the cost to target is now

$236 million direct costs and rising. And we know what happened to a few people's jobs there.

And now we have J.P. Morgan Chase. So my first question to you, Ash, is what's going on?

I think that as long as I've been in the technology field and then five and a half

years in the Department of Defense, and just to be clear, I'm the former Deputy Secretary

of Defense as of a few months ago.

You were just promoted.

But we had all of our systems and our technology

and obviously NSA reported to me and all that.

And I was consistently disappointed with our security,

even though we spent awful lot on it.

We're probably more aware of than others.

And as long as I've been in this field,

...