On January 10, U.S. Senators Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) introduced a bill to establish an Office of Cybersecurity within the FTC to supervise data security at consumer reporting agencies. Under the proposed regulation, the Office will issue "regulations establishing standards for effective cybersecurity at consumer reporting agencies" and "impose penalties on credit reporting agencies for cybersecurity breaches that put sensitive consumer data at risk."
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