A year after the Equifax hack compromised the personal information for over 145 million people, U.S. Democratic Senators Elizabeth Warren and Mark Warner introduced the Data Breach Prevention and Compensation Act last week. The new legislation would expand the Federal Trade Commission’s (FTC) authority over data breaches by creating an Office of Cybersecurity, which would be tasked with directly supervising data security at consumer credit reporting agencies, such as Equifax, Experian and TransUnion.
