WASHINGTON -- The chairman of the House Intelligence Committee says the U.S. is vulnerable to cyberattacks that could shut down financial services or destroy information that companies need for daily operations.

Rep. Mike Rogers says 95 percent of private sector networks are vulnerable.

What's being stolen? Personal identities, Social Security numbers, money from banks, blueprints for next-generation jobs. At risk are private companies and public agencies.

The Michigan Republican says hackers have stepped up attacks since the fall, and he points to China and Iran.

Rogers tells CBS' "Face the Nation" that the U.S. government has, essentially "set up lawn chairs, told the burglars where the silver is ... and opened the case of beer and watched them do it."