Senators Back More Oversight Of Credit Bureau Cybersecurity

Law360, New York (October 17, 2017, 3:53 PM EDT) -- Republican and Democratic members of a key Senate panel Tuesday appeared to support increased supervision of consumer credit bureaus’ cybersecurity efforts in the wake of the Equifax Inc. data breach.

The Senate Banking Committee is looking into what types of legislative responses should be in order following the Equifax hack, which left 145 million Americans' Social Security numbers and other personal information exposed. Among the issues that the senators plunged into were ways to increase federal oversight of cyber defenses at the three main credit bureaus, including setting a national standard and allowing consumers to more easily freeze their credit in the event of...

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