A response to the massive data breach at Equifax has advanced in the Unicameral.
Sen. Adam Morfeld of Lincoln sponsors Legislative Bill 757, a reaction to the data breach last year at the crediting reporting agency which exposed the sensitive, personal financial information of more than 145 million Americans, including approximately 700,000 Nebraskans.
Morfeld tells colleagues the data breach itself was bad enough; it’s aftermath worse.
“Equifax’s response was irresponsible and insufficient,” Morfeld says during legislative debate on LB 757. “Nebraskans found themselves having to pay out of pocket to freeze their accounts as a result of Equifax’s inability to keep their information safe and secure.”
The breach left Social Security numbers, birth dates, addresses, and driver’s license numbers exposed.
The measure would prevent credit reporting agencies from charging fees to consumers wanting to place a security freeze on their data or to have one lifted. It would require the agencies to heighten their security standards. It also would give additional powers to the Attorney General’s office to protect consumers against identity theft.
Morfeld says the Equifax failure left hundreds of thousands of Nebraskans vulnerable to identity theft.
“My data has been lost. Many of your data has been lost; your Social Security numbers, your driver’s license numbers, your date of birth,” Morfeld states. “All of that information is out there and the only security that we have right now is knowing that there was so much data that was lost that it would be tough for them to steal everybody’s information and defraud everyone. That’s pretty cold comfort.”