New York’s Department of Financial Services is cracking down Equifax.
One day after announcing that additional regulations would be coming for credit agencies, NYDFS lowered the boom on Equifax in response to its massive 2017 security breach, making the credit reporting agency sign a consent order with eight state banking commissioners in which it promised to undertake risk assessment and receive board oversight on its information security program, audit, information technology operations and vendor management, among other things.
“DFS continues to take aggressive action in holding Equifax Inc. accountable for the massive data breach that exposed the sensitive and private information of millions of Americans,” NYFDS Superintendent Maria Vullo said in a statement.
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