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On January 10, U.S. Senators Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) introduced a bill to establish an Office of Cybersecurity within the FTC to supervise data security at consumer reporting agencies.
On January 10, U.S. Senators Elizabeth Warren (D-Mass.) and Mark
Warner (D-Va.) introduced a bill to establish an Office of
Cybersecurity within the FTC to supervise data security at consumer
reporting agencies. Under the proposed regulation, the Office will
issue "regulations establishing standards for effective
cybersecurity at consumer reporting agencies" and "impose
penalties on credit reporting agencies for cybersecurity breaches
that put sensitive consumer data at risk."
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