Geee Posted July 11, 2014 Share Posted July 11, 2014 Investors Business Daily: Privacy: President Obama promises your personal financial info will be safe in his Big Brother database, but the agency stockpiling that data by its own admission can't keep other, less-sensitive info safe. Raising new data security and privacy fears, a former Consumer Financial Protection Bureau official has blown the whistle on the sievelike nature of the data the agency already is collecting and storing on consumers. Kevin Williams, a former CFPB quality-assurance monitor, testified before a House banking subcommittee that there have been a number of incidents in which a consumer accidentally received another consumer's personal identifiable information after filing a complaint. "We might see three this week. We might see five. We might not see any for a few weeks. But then it would sprout up again," Williams revealed. "That's abnormal," he added. "You should not see that many in years." Asked about it, a CFPB spokeswoman acknowledged some data security breaches, then shrugged, "Human error may happen." That hardly inspires faith the agency can protect the highly sensitive private information it's collecting for a vast new database profiling the credit history of every American who's held a mortgage. Link to comment Share on other sites More sharing options...
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