The Consumer Financial Protection Bureau (CFPB) is a federal agency that aims to protect consumers from unfair financial practices. In 2019, a CFPB staffer sent customer data and documents to their personal email account without authorization or permission.
The issue of unauthorized access to customer information dates back to 2018 when a customer identified a suspicious activity and notified the CFPB. In September, 2019, the CFPB had started an investigation into the matter and uncovered that the employee in question had violated the agency’s policies. The individual allegedly sent out 250,000 customer records, which contained confidential financial data including bank account numbers, Social Security numbers, and dates of birth, to their personal email account.
Upon completion of the investigation, CFPB took action against the employee and put new safeguards in place to prevent similar incidents from occurring in the future. The employee received disciplinary action for the breach and was removed from their position. The CFPB verified that no customer information was compromised and also established new internal policies to ensure the protection of sensitive customer information.
Overall, the CFPB did its best to ensure customer data remains secure. The agency is striving to improve its policies and procedures to guarantee the safety of people’s personal information. Through this incident, the CFPB has shown its commitment to maintaining the privacy of its customers and the security of customer data going forward.
You can read this full article at: https://www.housingwire.com/articles/cfpb-staffer-sent-250000-consumers-data-to-personal-email-account/(subscription required)
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