CNN reports that the U.S. Consumer Financial Protection Bureau has announced plans to expand privacy regulations under the Fair Credit Reporting Act to the surveillance sector, which could restrict the sale of certain consumer data, including names, addresses, and Social Security numbers, among data brokers.
While the trade of sensitive consumer data to third parties could be limited, potential rules would allow the selling of data for employment background checks and other valid financial uses, according to the CFPB.
"The CFPB will be taking steps to ensure that modern-day data brokers in the surveillance industry know that they cannot engage in illegal collection and sharing of our data," said CFPB Director Rohit Chopra, who expressed concern for the increasing monetization of sensitive data for artificial intelligence.
Such an effort to crack down on the data sector comes after the Federal Trade Commission proposed regulations restricting consumer data collection and usage among businesses.
Cyberattack compromises Progressive Leasing data Major U.S. consumer product leasing firm Progressive Leasing has disclosed that some of its systems have been impacted by a cyberattack that resulted in the significant compromise of personally identifiable information belonging to its customers and other individuals, according to The Record, a news site by cybersecurity firm Recorded Future.
T-Mobile has denied being impacted by a cyberattack in April that compromised employee information after VX-Underground reported that it had been notified by threat actors of the attack, which occurred immediately after the telecommunications provider was breached in March, according to The Record, a news site by cybersecurity firm Recorded Future.