4th District Congressman Jim Himes has introduced the Credit Information Protection Act in response to a major data breach at Equifax. The breach exposed the personal information of tens of millions of Americans to potential hackers, identity theft, and credit problems.
Himes says when a breach occurs it’s not right for the victims to bear the burden of paying for freezes and unacceptable for a company to profit from the fee charged to freeze files after such a vast security failure. The Credit Information Protection Act requires any credit reporting agency that suffers a data breach to allow consumers to initiate a security freeze on their information free of charge.
It allows for an unlimited amount of freezes at no charge if it is discovered that a consumer is actually affected by the data breach. Himes says the goal of this bill is simply to ensure that when personal information does fall into the wrong hands, it is as easy as possible for victims to mitigate as much damage as possible with no cost.