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2023 Consumer Financial Protection Bureau Data Breach
The Consumer Financial Protection Bureau (CFPB) experienced a significant security breach in March 2023 when a former employee transferred confidential information on approximately 256,000 consumers and forty-five financial institutions to their personal email account. The unauthorized transfer involved data from seven firms, though the majority of the consumer information came from one institution. The data was sent over fourteen emails and it contained personally identifiable information (PII) of consumers. The employee also sent two spreadsheets with names and transaction-specific account numbers for about 256,000 consumer accounts at a single institution. Neither the firms nor the employee have been publicly identified. The CFPB first became aware of abuse on 14 February 2023. They informed U.S. lawmakers of the incident on March 21, but it was not made public until April 24. Shortly following the data breach, Senator Cruz and Rep Donalds authored a bill seeking to eliminate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks, credit unions, securities firms, Payday loans in the United States, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the United States. The agency was originally proposed in 2007 by Elizabeth Warren while she was a law professor and she played an instrumental role in its establishment. The CFPB's creation was authorized by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the 2008 financial crisis and the subsequent Great Recession, and is an independent bureau within the Federal Reserve. The agency has established or proposed rules to cap overdraft charges and credit card late fees; prohibit medical debt f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Security Breach
Security is protection from, or resilience against, potential harm (or other unwanted coercion). Beneficiaries (technically referents) of security may be persons and social groups, objects and institutions, ecosystems, or any other entity or phenomenon vulnerable to unwanted change. Security mostly refers to protection from hostile forces, but it has a wide range of other senses: for example, as the absence of harm (e.g., freedom from want); as the presence of an essential good (e.g., food security); as resilience against potential damage or harm (e.g. secure foundations); as secrecy (e.g., a secure telephone line); as containment (e.g., a secure room or cell); and as a state of mind (e.g., emotional security). Security is both a feeling and a state of reality. One might feel secure when one is not actually so; or might feel insecure despite being safe. This distinction is usually not very clear to express in the English language. The term is also used to refer to acts and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confidentiality
Confidentiality involves a set of rules or a promise sometimes executed through confidentiality agreements that limits the access to or places restrictions on the distribution of certain types of information. Legal confidentiality By law, lawyers are often required to keep confidential anything on the representation of a client. The duty of confidentiality is much broader than the attorney–client evidentiary privilege, which only covers ''communications'' between the attorney and the client. Both the privilege and the duty serve the purpose of encouraging clients to speak frankly about their cases. This way, lawyers can carry out their duty to provide clients with zealous representation. Otherwise, the opposing side may be able to surprise the lawyer in court with something he did not know about his client, which may weaken the client's position. Also, a distrustful client might hide a relevant fact he thinks is incriminating, but that a skilled lawyer could turn to the cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the List of newspapers in the United States, largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' Newspaper of record, newspapers of record. The first issue of the newspaper was published on July 8, 1889. The Editorial board at The Wall Street Journal, editorial page of the ''Journal'' is typically center-right in its positio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politico
''Politico'' (stylized in all caps), known originally as ''The Politico'', is an American political digital newspaper company founded by American banker and media executive Robert Allbritton in 2007. It covers politics and policy in the United States and internationally, with publications dedicated to politics in the U.S., European Union, United Kingdom, and Canada, among others. Primarily providing distributed news, analysis and opinion online, it also produces printed newspapers, radio, and podcasts. Its coverage focuses on topics such as the federal government, lobbying and the media. Ideologically, ''Politicos coverage has been described as centrist on American politics and Atlanticist on international politics. In 2021, ''Politico'' was acquired for reportedly over US$1 billion by Axel Springer SE, a German news publisher and media company. Axel Springer is Europe's largest newspaper publisher and had previously acquired '' Business Insider''. Unlike employees of its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Personal Data
Personal data, also known as personal information or personally identifiable information (PII), is any information related to an identifiable person. The abbreviation PII is widely used in the United States, but the phrase it abbreviates has four common variants based on ''personal'' or ''personally'', and ''identifiable'' or ''identifying''. Not all are equivalent, and for legal purposes the effective definitions vary depending on the jurisdiction and the purposes for which the term is being used. Under European Union and United Kingdom data protection regimes, which centre primarily on the General Data Protection Regulation (GDPR), the term "personal data" is significantly broader, and determines the scope of the regulatory regime. National Institute of Standards and Technology Special Publication 800-122 defines personally identifiable information as "any information about an individual maintained by an agency, including (1) any information that can be used to distinguish or t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Banker
''American Banker'' is a New York-based trade publication covering the financial services industry. Originally a daily newspaper, the print edition ceased publication in 2016, but continues to be published as a print magazine nine times a year. The first issue of ''American Banker'' was published in 1885, although it has been considered a continuation of the earlier '' Thompson's Bank Note Reporter'', a bank note reporter which began publication in 1842. Although often confused with the American Bankers Association or other industry trade groups, ''American Banker'' is unaffiliated with any portion of the banking industry. It is an independent trade publication. History ''American Banker'' claims descent from '' Thompson's Bank Note Reporter'', a periodical published by John Thompson. For this reason, ''American Banker''s masthead gives a founding date of 1836, though the best available evidence suggests that Johnson's paper began publication in 1842. During the free bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ted Cruz
Rafael Edward Cruz (; born December 22, 1970) is an American politician and attorney serving as the junior United States senator from Texas since 2013. A member of the Republican Party, Cruz was the solicitor general of Texas from 2003 to 2008. After graduating from Princeton University and Harvard Law School, Cruz pursued a career in politics, eventually serving as a policy advisor in the George W. Bush administration. In 2003, Texas Attorney General Greg Abbott appointed Cruz to serve as Solicitor General, a position he held until 2008. Cruz was elected to the U.S. Senate in 2012, becoming the first Hispanic American to serve as a U.S. senator from Texas. In the Senate, he has taken consistently conservative positions on economic and social policy. He played a leading role in the 2013 federal government shutdown, seeking to force Congress and President Barack Obama to defund the Affordable Care Act. Cruz was reelected in a close race in 2018 against Democra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Byron Donalds
Byron Lowell Donalds (born October 28, 1978) is an American politician and financial analyst serving as the U.S. representative for Florida's 19th congressional district since 2021. A member of the Republican Party (United States), Republican Party, he served in the Florida House of Representatives from 2016 to 2020. His congressional district includes much of Southwest Florida. Born and raised in Crown Heights, Brooklyn, Donalds attended Florida A&M University and earned a Bachelor of Science degree in finance and marketing from Florida State University in 2002. Before entering politics, Donalds worked in the finance, insurance, and banking industries. Situated in the Factions in the Republican Party (United States)#Conservatives, conservative wing of the Republican Party (United States), Republican Party, Donalds was a member of the Tea Party movement and unsuccessfully ran for the United States House of Representatives, U.S. House of Representatives in 2012. He represented the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southwest Public Policy Institute
Southwest Public Policy Institute (SPPI) is a libertarian research organization that examines data-driven policies in education, crime, and economics in the American Southwest. History Southwest Public Policy Institute (SPPI) was founded by Patrick M. Brenner as a regional think tank. Among the founding board members was James Hallinan, who died in 2023. In July 2022, SPPI requested details about the Vax 2 the Max program, which offered cash prizes to promote vaccinations, using the Inspection of Public Records Act. Due to a lack of response, SPPI later sued the state for potential act violations. In 2022, SPPI filed a lawsuit against the New Mexico Department of Taxation and Revenue (NMTRD) for failing to comply with an Inspection of Public Records Act (IPRA) request. The request sought access to vehicle registration data held by the Motor Vehicle Division to evaluate the socioeconomic impact of New Mexico's electric vehicle (EV) mandate. SPPI hypothesized that the policy, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Data Breaches In The United States
Data ( , ) are a collection of discrete or continuous values that convey information, describing the quantity, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpreted formally. A datum is an individual value in a collection of data. Data are usually organized into structures such as tables that provide additional context and meaning, and may themselves be used as data in larger structures. Data may be used as variables in a computational process. Data may represent abstract ideas or concrete measurements. Data are commonly used in scientific research, economics, and virtually every other form of human organizational activity. Examples of data sets include price indices (such as the consumer price index), unemployment rates, literacy rates, and census data. In this context, data represent the raw facts and figures from which useful information can be extracted. Data are collected using techniques such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
