Mulvaney: CFPB hit by over 200 data ‘lapses’
The head of the Consumer Financial Protection Bureau revealed Thursday that the agency had suffered some 240 “lapses” in data security over an unspecified time period, in addition to a suspected 800 other such incidents. “We have been able to document about 200-odd – I think 240 – lapses in our data security,” Acting CFPB Director Mick Mulvaney told the Senate Committee on Banking, Housing, and Urban Affairs during a hearing on the bureau’s semi-annual report to Congress. “Lapses – is that a breach?” Sen. David Perdue, R-Ga., asked Mulvaney during a tense exchange. “I think data got out that should not have gotten out,” Mulvaney replied, adding, “there’s another 800 [incidents] that we suspect that we haven’t been able to confirm.” As part of its mandate to protect consumers, the CFPB has the right to collect data on credit card transactions, mortgages, and car loans, Mulvaney said. “Everything that […]
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