The last few years have witnessed such an onslaught of data breaches that news of 10,000 or 20,000 credit-card numbers or healthcare records being stolen has begun to sound almost routine. The popular term “breach fatigue” was even coined in order to describe the general public’s state of mind—word of data breaches has become so commonplace that individuals have run out of energy to worry about them. But just because people don’t panic at every new report of an enterprise being breached doesn’t mean they don’t care about the safety and sanctity of their personal data. Citizens want their data protected, and the government does, too.

How the Recent CFPB Ruling Reinforces the Need for Financial Data Security

A recent ruling by the CFPB drives home the fact that just gesturing at having adequate financial data security is no longer sufficient.
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