- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Democratic senators have introduced new legislation intended “to give control over credit and personal information back to consumers” following a massive data breach at consumer credit rating firm Equifax that compromised the personal information of at least 143 million Americans.
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What resulted in the largest-ever breach of consumer data culminated in the largest data breach enforcement action in history.
The Financial Conduct Authority fined Equifax’s U.K. unit more than £11 million (U.S. $13.3 million) regarding the company’s 2017 data breach that affected approximately 13.8 million U.K. consumers.
Experian won a legal battle against the U.K. Information Commissioner’s Office after the data regulator ordered the credit reference agency to make “fundamental changes” over the way it handled personal data for direct marketing purposes or stop altogether.
