State Street's O'Hanley: Cyber is a clear and present danger for financial institutions

The CEOs of America's largest banks testify on Capitol Hill this morning about how the industry has transformed in the 10 years following the financial crisis. Rep. Frank Lucas (R-Okla.) questions Morgan Stanley CEO James Gorman, Goldman Sachs CEO David Solomon, Bank of America Brian Moynihan, BNY Mellon CEO Charles Scharf, State Street CEO Ronald O'Hanley and Citigroup CEO Michael Corbat. They discuss how the banks are working on cyber security.