After an “exhaustive” review of the agency’s security practices, the Consumer Financial Protection Bureau will resume collecting consumers’ personal data, acting agency director Mick Mulvaney told employees Thursday. An independent security assessment “concluded that ‘externally facing bureau systems appear to be well-secured,’” Mulvaney said. CFPB has a mandate to collect consumer data on things like credit cards and mortgages. The agency’s cybersecurity practices drew the scrutiny of lawmakers in April, when Mulvaney told the Senate Committee on Banking, Housing, and Urban Affairs that the agency had suffered roughly 240 data security breaches and 800 suspected breaches. An CFPB spokesperson told CyberScoop the breaches of personally identifiable information happened before Mulvaney took the agency’s helm in November 2017. “When I first arrived at the bureau, I was concerned that the information the bureau collects about consumers could fall prey to hackers or other actors,” Mulvaney said in an email to agency staff […]
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