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The report linked here is the House Oversight Committee (Majority) Staff Report. Another report from the committee's minority is also available. https://democ

• arduanika 8y ago
  Link not working for me. Try: https://democrats-oversight.house.gov/sites/democrats.oversight.house.gov/files/Equifax%20Minority%20Report%20-%20FINAL%2012-10-2018.pdf https://democrats-oversight.house.gov/sites/democrats.oversi... Key recommendations from the minority report: "Based on the investigation conducted by the Committees, four key legislative reforms proposed by Democrats would help prevent future cyberattacks: [A] hold federal financial regulatory agencies accountable for their consumer protection oversight responsibilities; [B] require federal contractors to comply with established cybersecurity standards and guidance from the National Institute of Standards and Technology (NIST); [C] establish high standards for how data breach victims should be notified; [D] and strengthen the ability of the Federal Trade Commission (FTC) to levy civil penalties for private sector violations of consumer data security requirements." On [B], they note that "Equifax was a federal contractor at the time of its data breach". On [D], they note that "In the three years before the Equifax data breach, the company spent only about 3% of its operating revenue on cybersecurity—less than the company spent on stock dividends...Civil penalties would incentivize private sector companies to prioritize and invest in continually upgrading and deploying modernized IT solutions and applying cybersecurity best practices."