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Tag Archives: Equifax

Bill Would Penalize Credit Reporting Agencies for Consumer Data Breaches

Sens. Elizabeth Warren (D-Massachusetts) and Mark Warner (D-Virginia) have introduced a bill that would penalize credit reporting agencies in the event of a security breach that affects consumer data. The Data Breach Prevention and Compensation Act would give the Federal Trade Commission authority to directly supervise CRAs’ data security measures; impose penalties on CRAs …

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