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Congress to banks: Admit you’ve been hacked!

Posted on April 24, 2015 by Dissent

Jose Pagliery reports:

Banks have lost so much consumer information to hackers this year that two members of Congress are asking them to come clean with the extent of the damage.

Tuesday morning, 16 financial institutions will receive letters from Sen. Elizabeth Warren and Rep. Elijah E. Cummings asking them to admit that they have been hacked, explain how it happened and be transparent about what they lost.

Read more on CNN Money.

Category: Commentaries and AnalysesFinancial SectorHackOf NoteU.S.

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