Consumer credit reporting bureau Equifax announced today that the personal data of an additional 2.4 million Americans was implicated in last year’s high-profile data breach, bringing the total number of data breach victims to 147.9 million.
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ABA and six other financial trade organizations wrote to House leaders today underscoring the need for businesses across all industries to be held to the same data protection and breach notification standards currently adhered to by regulated financial institutions.
Breaking down the wide-reaching implications of Europe’s new data privacy regulation.
Reps. Blaine Luetkemeyer (R-Mo.) and Carolyn Maloney (D-N.Y.) released draft text of a bipartisan data security bill today. The bill would provide broad standards for data protection across industries and create new federal post-breach notification requirements.
The number of fraud victims in the U.S. rose by eight percent in 2017 to total 16.7 million, according to new data released by Javelin Strategy & Research last week.
Just as with natural disasters, man-made disasters like data breaches require preparation too.
In the wake of a trail of consumer data breaches, a vast coalition including ABA — as well as groups representing the financial, retail, insurance, telecom and technology industries — today urged leaders of the House Energy and Commerce Committee to advance substantive data security legislation that protects consumers.
ABA and six other financial trade associations yesterday called on Congress to move forward with legislation to implement strong national data security and breach notification requirements that would replace the current inconsistent patchwork of state laws.
Cyber, third parties and regulatory changes continue to top the list.
Consumers need better information about what happens when they share bank account credentials with third-party financial aggregators, Federal Reserve Governor Lael Brainard said today at a fintech conference.