House, Senate Democrats seek details from financial firms on data breaches

Mark Hosenball reports:

Leading Democrats in both houses of Congress sent letters on Tuesday to 16 major banks and other financial firms requesting detailed information about recent data breaches and briefings from corporate data security officials.

Among the companies targeted in letters sent by Senator Elizabeth Warren, a member of the Senate Banking Committee, and Representative Elijah Cummings, the top Democrat on the House Oversight and Government Reform Committee, were banks, investment firms and other financial service providers.

Read more on Reuters, where you can find a list of the 16 banks.

Significantly (from my perspective, anyway), the letter only asks about the last year and fails to include two major banks that have had repeated insider breaches.  One of those banks – TD Bank – was the target of a complaint this blogger/advocate filed with the CFPB earlier this year.


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