NY AG Settles with Five Companies on App Data Breaches

Dec 17, 2018

The Mortgage Bankers Association (MBA) has published “The Basic Components of an Information Security Program,” a free White Paper detailing information security risks that affect the mortgage industry and strategies for managing those risks

New York Attorney General Barbara D. Underwood has reached settlements with five companies stemming from charges that their respective apps failed to maintain security on sensitive consumer data transmitted over the Internet.

The companies included Equifax Consumer Services LLC, Credit Sesame Inc. Priceline.com, Western Union Financial Services Inc. and Spark Networks Inc. Underwood stated the companies’ mobile apps fell victim to a security vulnerability that enabled information including passwords, Social Security numbers, credit card numbers and bank account numbers to be easily intercepted by hackers.

“Businesses that make security promises to their users – especially as it relates to personal information–have a duty to keep those promises,” said Underwood. “My office is committed to holding businesses accountable and ensure they protect users’ personal information from hackers.”

Underwood’s office did not disclose the specific damage created by the data breaches, nor did it disclose financial sums associated with the settlements. The five companies required to admit wrongdoing as part of their agreements.

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Phil Hall

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Dec 17, 2018

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