In a letter to House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) today, Ranking Member Patrick McHenry (R-N.C.) today called for a hearing on cybersecurity and data protection in the financial services sector in response to concerns raised by industry leaders and recent data breaches.
“Over the last eight months, we’ve heard from chief executive officers and prudential regulators regarding the most significant issues facing the financial industry, and they all agree that cybersecurity and data protection are critical priorities,” McHenry wrote. “To that end, it is imperative that the Committee focus its attention on this issue, including but not limited to: the regulatory regime governing cybersecurity and data protection, third party service providers, and other entities that have access to or store consumer data, including government agencies.”
