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CNBC Squawk Alley October 3, 2017

Higher multiple was because of cross selling. Made that point many times, quite some time, a higher multiple than the peer group as a result of the benefits of being able to sell in a sense across the product categories across the banks many different divisions. And she showed all the evidence in the form of earnings transcripts, which jim likes, as well meantime, at the same time, weve been hearing from the former ceo of equifax. Our aditi roy has been listening in to that one and has some of the recent developments ch what have we heard we have been sitting in on this hearing its still under way right now with former equifax ceo Richard Smith getting grilled by 23 lawmakers on this house subcommittee heres what weve learned so far. When smith was questioned about why it took the company 40 days to notify the public about the breach, he said initially they didnt understand the scope of the breach, initially it was termed as suspic ....

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CSPAN3 Former Equifax CEO Before House Financial Panel October 5, 2017

Committee will come to order. A recess at the committee of any time and all will have five days for inclusion in the record. Entitled examining the equifax data breach. On september 7th equifax announced a Cyber Security incident. It effected 145 million u. S. Consumers, nearly half of all americans. In other words if your hearing my voice youre either the victim or you know someone who is. Thats how massive this brief was. Criminals got basically everything they need to steal your identity, open credit card accounts in your name it may with b the most harmful the world has ever seen the companys response has left much to be desired. For weeks equifax about whether people were victims of the breach or not. And beyond brief they sold their equifax before the company disclosed the breach. I trust the Justice Department will get to the bottom of this. Clearly action by the f ....

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CSPAN3 Former Equifax CEO Before House Financial Panel - Part 1 October 5, 2017

In the world. Im convinced that the story helped me get the job at the post. American history tv all weekend every weekend only on former equifax ceo, richard smith, testified today before the House Financial Services committee. Its the fourth time hes been before lawmakers this week. Theyre looking into the equifax data breach, which exposed private information from nearly 146 Million People. All four hearings are available in our Video Library at cspan. Org. [ banging gavel ] the committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time, and all members will have five legislative days within which to submit extraneous material to the chair for inclusion in the record. The hearing is entitled examining the equifax data breach. I now recognize mysel ....

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CSPAN Former Equifax CEO Before House Financial Panel - Part 1 October 6, 2017

The committee will come to order. The chair is authorized to declare a risk a recess at 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 are hearing my voice your either the victim of the breach or know someone who is. Thats how massive this was. Criminals got everything they need to steal your identity, open credit card accounts in thise and cause you may be the most harmful the world has ever seen. The companys response has left much to be desired. Equifax failed to disclose the breach to shareholders for weeks. Senior executives sold their equifax shares after the company knew of the breach but before they disclosed the breach. The federal trade commission will get to the the ....

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CSPAN Former Equifax CEO Before House Financial Panel - Part 2 October 6, 2017

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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