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Data breach. The Consumer Financial Protection Bureau (CFPB) experienced a significant security breach when a former employee transferred confidential information on approximately 256,000 consumers and forty-five financial institutions to their personal email account. [3] [4] The unauthorized transfer involved data from seven firms, though the ...
The Equifax data breach occurred between May and July 2017 at the American credit bureau Equifax. Private records of 147.9 million Americans along with 15.2 million British citizens and about 19,000 Canadian citizens were compromised in the breach, making it one of the largest cybercrimes related to identity theft.
Multiple banks have begun eliminating or reducing junk and non-sufficient fund fees, the CFPB said. The CFPB estimated that these changes would result in $5.5 billion in annual fee savings for ...
This is a list of reports about data breaches, using data compiled from various sources, including press reports, government news releases, and mainstream news articles. The list includes those involving the theft or compromise of 30,000 or more records, although many smaller breaches occur continually. Breaches of large organizations where the ...
Millions of consumers have been victims of data breaches. The largest data breach in the beginning of 2024 was at mortgage lender LoanDepot, exposing nearly 17 million victims. This is the company ...
The Consumer Financial Protection Bureau (CFPB) is considering new rules to crack down on data brokers amid a wider push to reduce risks from the rapidly expanding capabilities of artificial ...
The repeal of Glass-Steagall allowed mergers between different types of financial institutions to occur, which enabled increased efficiency in the dissemination of financial information. To promote consumer privacy, the Gramm-Leach-Bliley Act included regulations to limit the ways in which companies handled and shared financial data. [6]
The idea of your personal information being swept up in a data breach sounds terrifying, but in today’s world, security isn’t perfect and it’s bound to happen at one point or another.
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