2017-11-01

Securing Consumer Credit Data in the Age of Digital Commerce (video)

Securing Consumers’ Credit Data in the Age of Digital Commerce

U.S. House Energy and Commerce subcommittee hearing video above scheduled for Nov 1, 2017.

Securing Consumers’ Credit Data in the Age of Digital Commerce | Energy and Commerce Committee | energycommerce.house.gov: The Subcommittee on Digital Commerce and Consumer Protection will hold a hearing on Wednesday, November 1, 2017, at 10:30 a.m. ET in 2123 Rayburn House Office Building, Washington, D.C., entitled “Securing Consumers’ Credit Data in the Age of Digital Commerce.” 

The following issues may be examined at the hearing:
  • The legal and regulatory framework for CRAs, including the safeguards framework in GLBA and consumer protections contained in the FCRA. 
  • Current cybersecurity standards, trends, best practices, and emerging threats, particularly with respect to known cybersecurity vulnerabilities.
  • The relationship between data breaches and incidence of identity theft and fraud.

Witnesses:

Mr. Francis Creighton
President and CEO, Consumer Data Industry Association
Witness Statement and Truth in Testimony and CV

Ms. Anne P. Fortney
Partner Emeritus, Hudson Cook, LLP
Witness Statement and Truth in Testimony and CV

Mr. Jeff Greene
Senior Director, Global Government Affairs and Policy, Symantec
Witness Statement and Truth in Testimony and CV

Mr. Bruce Schneier
Adjunct Lecturer in Public Policy, Harvard Kennedy School
Witness Statement and Truth in Testimony and CV

Documents: Hearing NoticeHearing Notice – Time ChangeBackground Memo (embed below)

Background Memo:


@HouseCommerce  #SubDCCP

#SubDCCP Examines Data Security Practices For Consumers’ Credit Information - Energy and Commerce Committee: The Subcommittee on Digital Commerce and Consumer Protection, chaired by Rep. Bob Latta (R-OH), announced a hearing for Wednesday, November 1, 2017, at 10:00 a.m. in room 2123 of the Rayburn House Office Building. The hearing is entitled, “Securing Consumers’ Credit Data in the Age of Digital Commerce.” Less than a month after holding a hearing on the Equifax data breach, #SubDCCP will examine data security practices within the credit reporting industry to shed light on best practices, cybersecurity information sharing, trends, and steps for improvement. “The Equifax data breach was a stark demonstration of the responsibility that credit bureaus have in holding hundreds of millions of Americans’ personal information. In light of this breach and others, consumers are right to be skeptical. This subcommittee will continue to ask questions on behalf of consumers to illuminate what is currently being done, and what needs to be done, to prevent and mitigate future hacks and restore consumer confidence,” said Latta.

Note also: House Energy and Commerce Committee Chairman Greg Walden (R-OR) published op-ed Oct 27, "Consumer Protection in the 21st Century," announcing a series of hearings surrounding tech business practices and their impact on consumers. In the piece, Walden raises questions about how actions taken by tech companies and online businesses affect consumer privacy and choice.

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