After Equifax fiasco, Cuomo orders NYS to clamp down on credit reporting agencies
If you have any kind of credit, there’s a good chance that you’re one of the 143 million Americans whose personal information was exposed in a cyberattack on credit reporting agency Equifax.
To help prevent this type of attack in the future, Gov. Andrew Cuomo on Monday said he is directing the NY Department of Financial Services (DFS) to issue regulations requiring credit reporting agencies to register and comply with a new cybersecurity standard.
An annual reporting obligation will provide the DFS superintendent with the authority to deny and potentially revoke a consumer credit reporting agency’s authorization to do business in New York.