Industry groups have launched new programs that are expected to carry over into 2021, while others are raising new calls for Congress to tackle data security.
The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information.
Devon Bryan, who held similar jobs at KPMG and the Federal Reserve System, succeeds Brian DiPietro, who had been information security chief since 2016.
Banks, data aggregators and fintechs have clashed for a decade over how consumers’ bank account data should be shared with third parties. The agency says it will offer a plan, and industry officials have plenty of suggestions already.
The Federal Financial Institutions Examination Council is best suited to craft uniform policies to protect consumer data. A patchwork of state rules is cumbersome.
