CFPB Hacked, Putting Consumers Data in Jeopardy

It has been revealed that the CFPB hacked not once, not twice, but hundreds of times. Consumer Financial Protection Bureau Acting Director Mick Mulvaney told Senator David Perdue about the risks that this has caused. Literally, hundreds of attempts to hack into the CFBP have been registered. The Bureau is still assessing how much data has been compromised. 

As Written and Reported By Adam Kredo for the Free Beacon:

The Consumer Financial Protection Bureau, or CFPB, confirmed on Wednesday that it had been struck by at least 240 hack attacks and another 800 suspected hacks, jeopardizing mortgage information, Social Security numbers, and personal banking information of scores of Americans, according to congressional testimony. 

Acting CFPB Director Mick Mulvaney disclosed these figures under questioning by Sen. David Perdue (R., Ga.) during a hearing on the agency’s collection of American citizens’ data and the risk this poses due to an increasing cyber threat.

The agency has faced questions over its large-scale collection of Americans’ credit card transactions, home loan applications, and other major financial information.

The issue has topped the congressional agenda in the wake of concerns that rogue nation-states and other actors have hacked the U.S. database, risking the mass collection of sensitive financial information.

Mulvaney disclosed that the agency has been able “to document about 240 lapses in our data security.”

“I want to be careful about what I say, and I would be happy to talk about this more in private, but we have been able to document about 240 lapses in our data security,” Mulvaney said.

When pressed on the issue, Mulvaney further revealed the agency is investigating another 800 suspected attacks.

“I think data got out that should not have gotten out,” Mulvaney said, referring the 240 confirmed attacks. “There’s another 800 that we suspect that we haven’t been able to confirm.”

Source: CFPB Hacked Hundreds of Times, Risking Sensitive U.S. Financial Data

Leave a Comment

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.