Senators Eye Legislative Action for Data Breaches

Top Senators on the Senate Banking Committee have asked stakeholders to provide information on breaches so they can consider legislative action; “Given the exponential growth and use of data, and corresponding data breaches, it is worth examining how the Fair Credit Reporting Act should work in a digital economy,” Chairman Mike Crapo, R-Idaho said in a press release according to American Banker; the senators are also going to look at how companies, in particular private companies, disclose breaches; there has been a significant number of breaches in recent years that has exposed data for hundreds of millions of people. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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