Published: August 2019

Equifax data breach demonstrates the need for stronger cybersecurity regulation

As the Federal Trade Commission proposes amendments to its Safeguards Rule, consumer and privacy advocates urge for stronger data privacy regulations regarding nationwide consumer reporting agencies, including Equifax, Experian and TransUnion, and other high-risk sectors, including tax preparers and financial technology firms.

Consumer Action joins coalition advocates in urging the Federal Trade Commission to strengthen its proposed Safeguards Rule, which requires financial institutions to develop, implement and maintain a comprehensive security program to keep consumer information secure.

Lead Organization

National Consumer Law Center (on behalf of its low-income clients)

Other Organizations

National Consumer Law Center (on behalf of its low-income clients) | Allied Progress | California Reinvestment Coalition | Center for Digital Democracy | Center for Economic Integrity (AZ) | Consumer Action | Consumer Federation of America | Demos | Main Street Alliance | Media Alliance (CA) | National Association of Consumer Advocates | National Consumers League | National Fair Housing Alliance | Privacy Rights Clearinghouse | Public Justice Center (MD) | U.S. PIRG | Woodstock Institute

More Information

For more information, please visit NCLC.

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Equifax data breach demonstrates the need for stronger cybersecurity regulation   (FTCSafeguardsRule_.pdf)

 

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