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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 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 ...
There were 3,205 publicly reported data breaches impacting around 353 million people in 2023, according to the Identity Theft Resource Center. That’s a 72% increase over the past high, in 2021.
In the first quarter of 2024 there were 841 publicly reported data breaches, nearly doubling from a year ago, according to the Identity Theft Resource Center, a nonprofit that researches and ...
Rohit Chopra (born January 30, 1982) is an American consumer advocate who is the third director of the Consumer Financial Protection Bureau (CFPB) and previous member of the Federal Trade Commission (FTC). Prior to this, Chopra served as assistant director of the CFPB and as the agency's first Student Loan Ombudsman, an office created by the ...
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 ...
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]
BloombergSteven Antonakes, acting deputy director of the Consumer Financial Protection Bureau. At a hearing on Tuesday before the House Financial Services Committee, a top official from the ...
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