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Financial services groups ask Congress to pursue new data breach rules

Reading Time: < 1 minute  |  Published: January 15, 2018 in Industry News

Last week, two top Democrats, Sens. Mark Warner, D-Virginia, and Elizabeth Warren, D-Mass., called for increased governmental oversight over credit reporting agencies and stiff penalties for those agencies should they fail to protect consumers’ personal information. But credit reporting agencies are far from the only companies...

Senators Warren, Warner on Data Breach Legislation

Reading Time: < 1 minute  |  Published: January 11, 2018 in Industry News

Senator Elizabeth Warren, a member of the Senate Banking Committee and a Democrat from Massachusetts, and Senator Mark Warner, a member of the Senate Finance Committee and a Democrat from Virginia, discuss the need for data breach legislation and examine U.S. Immigration issues. They speak...

Senators want ‘massive’ fines for data breaches at Equifax and other credit reporting firms

Reading Time: 2 minutes  |  Published: January 10, 2018 in Industry News

Two senators on Wednesday proposed “massive and mandatory” fines for data breaches at Equifax Inc. and other credit reporting companies, starting at $100 for each consumer whose sensitive information is compromised. The bill from Sens. Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) would add a $50...

Homeland Security Data Breach Affects 240,000 Federal Employees, Plus Witnesses and Interviewees

Reading Time: < 1 minute  |  Published: January 4, 2018 in Industry News

The Department of Homeland Security (DHS) on Wednesday confirmed a data breach involving the personally identifiable information of more than 240,000 current and former DHS employees. The agency disclosed few details about how the information was compromised, though it stressed that the data was not stolen...

After Equifax breach, anger but no action in Congress

Reading Time: < 1 minute  |  Published: January 2, 2018 in Industry News

The massive Equifax data breach, which compromised the identities of more than 145 million Americans, prompted a telling response from Congress: It did nothing. Some industry leaders and lawmakers thought September’s revelation of the massive intrusion — which took place months after the credit reporting agency...