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Browse: Home / 2018 / June / 27 / In Wake of Equifax Data Breach, Credit Reporting Agencies Made Subject to NY State Cybersecurity Regulations | New York Law Journal

In Wake of Equifax Data Breach, Credit Reporting Agencies Made Subject to NY State Cybersecurity Regulations | New York Law Journal

By Securities Docket on June 27, 2018, 10:15 am

Credit reporting agencies will now be required to register with the state and comply with its cybersecurity regulations, the state Department of Financial Services announced Monday.

The new rules are the state’s response to last year’s data breach at Equifax, a credit reporting agency, that exposed the personal information of 143 million people. If a credit reporting agency is found to have violated the new regulations, the DFS will now have the power to block them from serving New York state residents.

via In Wake of Equifax Data Breach, Credit Reporting Agencies Made Subject to NY State Cybersecurity Regulations | New York Law Journal.

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Posted in Industry, Regulation, Top | Tagged Credit agencies

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