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Fmr. Equifax CEO in the hot seat: 5 things to know


Added 10-04-17 08:04:02am EST - “Former Equifax (NYSE:EFX) CEO Richard Smith will assume the hot seat before the Senate Banking Committee on Wednesday, where he is expected to face another round of tough questions about a megabreach that compromised the personal…” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Fmr. Equifax CEO in the hot seat: 5 things to know”. Below is an excerpt from the article.

Published October 04, 2017 Business Leaders FOXBusiness

Belpointe chief strategist Dave Nelson and Surevest Wealth Management CEO Robert Luna on the former Equifax CEO's testimony before Congress over the data breach.

Former Equifax (EFX) CEO Richard Smith will assume the hot seat before the Senate Banking Committee on Wednesday, where he is expected to face another round of tough questions about a megabreach that compromised the personal information of 145.5 million individuals.

Smith, who stepped down as CEO last week, warmed up before the House Energy and Commerce Committee on Tuesday morning. Here are the key takeaways from that hearing and more questions that could arise Wednesday.

A chief concern among many lawmakers on Tuesday was the timeframe, if the hack was discovered in July, why did it take so long to disclose?

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