The Consumer Financial Protection Bureau (CFPB) data breach occurred in March 2023 at the US Consumer Financial Protection Bureau.[1][2]

Data breach

The Consumer Financial Protection Bureau (CFPB) experienced a significant security breach when a former employee transferred confidential information on approximately 256,000 consumers and forty-five financial institutions to their personal email account.[3][4] The unauthorized transfer involved data from seven firms, though the majority of the consumer information came from one institution.[3] The data was sent over fourteen emails and it contained personally identifiable information (PII) of consumers.[5] The employee also sent two spreadsheets with names and transaction-specific account numbers for about 256,000 consumer accounts at a single institution.[5] Neither the firms nor the employee have been publicly identified.[3]

The CFPB first became aware of abuse on 14 February 2023.[1][4] They informed U.S. lawmakers of the incident on March 21, but it was not made public until April 24th.[3][4][6] Shortly following the data breach, Senator Cruz and Rep Donalds authored a bill seeking to eliminate the CFPB.[7]

References

  1. 1 2 Berry, Kate; Williams, Claire (April 20, 2023). "CFPB data breach sends shock waves through the financial industry". American Banker.
  2. ↑ Vittorio, Andrea; Weinberger, Evan; Witley, Skye (April 20, 2023). "CFPB Consumer Records Breach Draws Lawmakers' Probe (1)". Bloomberg Law.
  3. 1 2 3 4 Ackerman, Andrew. "WSJ News Exclusive | CFPB Says Staffer Sent 250,000 Consumers' Data to Personal Account". Wall Street Journal.
  4. 1 2 3 O'Donnell, Katy. "CFPB says employee breached data of 250,000 consumers in 'major incident'". Politico.
  5. 1 2 Hur, Krystal (April 20, 2023). "CFPB says employee sent confidential data of 256,000 consumers to personal email". CNN.
  6. ↑ Berry, Kate (25 April 2023). "CFPB still has not notified consumers about data breach". American Banker.
  7. ↑ Catenacci, Thomas (27 April 2023). "Ted Cruz, Byron Donalds take action to eliminate federal agency". Fox News.
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