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Transcripts For BBCNEWS BBC Business Live 20171006

Taking their cue from asia and wall street, where all three major industry saw record closes for a full year ina industry saw record closes for a full year in a row. Google pushes into hardware, amazon is told to pay back taxes and youre who revealed that billions affected by the cyber bridge, we will be looking at the weekend tech. Fallout from the colla pse weekend tech. Fallout from the collapse of monarch airlines, many of the hardest hit customers paid debit cards to pay for flights, today we want to know, are you willing to pay a little bit more to use a credit card instead of a debit card, to give you extra protection. Welcome to you, good to have you with us here on business live. We start in the indian capital delhi, where Prime Minister modi is hosting the 14th eu india summit. European Commission President
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Transcripts For CSPAN Former Equifax CEO Before House Financial Panel - Part 2 20171006

Mexico for five minutes. Thank you for being here today. Just thank you for being here today. You would describe the processes at eek fax with regard to outside hacks to be very engaged and pretty professional . We had a humanistic more or less. Is that kind of correct . Mr. Smith i would say we had two very important errors. I understand we have a lot of Critical Data here. Thismith i would describe as one that put a top priority on security. How much of your time in your 12 years did you spend each day security . Mr. Smith when i first came here we had no say ever security organizations. I made a priority 12 years ago to engage consultants and help scope it out. We went from basically no people how knowledgeable are you on the subject . Mr. Smith we had 13 reviews. You personally. Hade routine reviews routine reviews. How many times have these things ched under your watch . Mr. Smith to the best of my knowledge, there was one not ....

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Transcripts For CSPAN Former Equifax CEO Before House Financial Panel - Part 1 20171008

Organization as it functions on a day to day basis. Tonight, at 8 p. M. Eastern, on cspans q a. On thursday, richard smith, the former ceo and chairman equifax, testified on the data breach at his company that compromise the records of an 100 40 Million Consumers. This testimony to the House Financial Services committee was his fourth appearance before a Congressional Committee in a week. Its three hours and 15 minutes. The committee will come to order. The chair is authorized to declare a risk a t any time. Entitledng is examining the Equifax Breach. September 7, equifax announced what it called a Cyber Security incident. 145 million u. S. Consumers, nearly half of all americans. If you a ....

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Transcripts For CSPAN3 Former Equifax CEO Testifies Before Senate Banking Panel 20171010

Executive officer of equifax who held those positions until last week. I understand that youre now serving as an unpaid adviser to the company and appreciate your willingness to testify here and appear and testify about the events surrounding the brief and equifaxs response while you were leading the company. Congress will continue to examine the facts. Cybersecurity is one of the most important issues facing companies as well as consumers and government alike and is one of the biggest threats to our Financial System. The amount of data that the private industry and government collect and store is very concerning. There is intrinsic vulnerability in collecting and storing personal Financial Information, and we need to have a meaningful discussion on how to protect and limit access to it. The Banking Committee ....

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Transcripts For BBCNEWS BBC News 20171011

The bbcs dave lee is on the scene and has this report. Its the vast scale of these wired fires that is most alarming. More than 15 major blazes across 15,000 acres, creating an apocalyptic landscape. The conditions were perfect dry tender ignited with the help of 50 mph winds. When the fla mes help of 50 mph winds. When the flames came up, we came down, and you could not see your hand in front of yourface. Fire you could not see your hand in front of your face. Fire was coming you could not see your hand in front of yourface. Fire was coming up about 100 feet, both sides as street. Firefighters say contentment has been virtually impossible, so they have been concentrating on getting to safety. These people in this car fleeing to escape, shocked by the mass destruction. Holy moly and in Kansas City North and south of san francisco, much to destruction. Every thing is gone. And in towns and cities. It is pretty awful. Fires of th ....

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