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Submission + - SPAM: CFPB left our private data more vulnerable than ever

schwit1 writes: Without your knowledge or permission, Consumer Financial Protection Bureau(CFPB) collected and warehoused your most private bank records and continued to sweep them up — despite repeated warnings the data wasn’t being properly protected. Now there’s a good chance your personal information could be in the hands of identity thieves or even terrorists.

The government isn’t sure who has your information. It only knows the CFPB databases have been breached by outsider threats potentially 1,000-plus times. That’s according to a recent investigation of cyber-intrusions at the Consumer Financial Protection Bureau, where the sensitive information is stored.

The number of confirmed breaches of consumers’ personally identifiable information is “just north of 200,” revealed Mick Mulvaney, the White House budget chief who took control of the CFPB late last year, in testimony to Congress. “We think there’s another 800 [incidents of hacked information] that we suspect might have been lost, but we haven’t been able to nail that down.”

The agency also shared this data with outside agencies and contractors, including state attorneys general, trial lawyers and civil-rights organizations interested in filing class-action lawsuits against banks, according to regulatory documents and congressional testimony.

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CFPB left our private data more vulnerable than ever

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