The data collection and monitoring firm Equifax has been properly flayed for the massive data breach it disclosed last week, as well as for its weak and dishonest response to the breach. The rule wouldn’t cover the latest Equifax breach, which occurred before it was made final. The consumer reporting industry is adequately regulated and goes to great lengths to ensure consumer data is protected. Its lobbying arm, the Consumer Data Industry Assn., even opposed a proposal that would urge, but not require, the firms to tighten up their authentication practices so that the wrong people couldn’t get access to a consumer’s data. “The consumer reporting industry is adequately regulated and goes to great lengths to ensure consumer data is protected,” the CDIA whined in June to the proposal’s sponsor, Rep. Lloyd Smucker (R-Pa.).

Source: Los Angeles Times September 11, 2017 18:57 UTC