Mulvaney Response to CFPB Data Security Gaps Baffles Cyber Experts
American Banker, Apr. 23, 2018–Kate Berry (subscription)
Acting Director Mick Mulvaney has said hundreds of Consumer Financial Protection Bureau-related data breaches justified his announcement in December that the agency would halt collecting personally identifiable information from companies it supervises. But industry experts say such a data freeze is unusual in the government; more unusual, they say, is that the CFPB apparently resumed data collection after only a few weeks, without investigating or remedying the cybersecurity problems that it identified.
