(Bloomberg) – Lawmakers grilled former Equifax Inc. Chief Executive Officer Richard Smith on Tuesday after hackers attacked the company's systems and got access to sensitive information for 145.5 million Americans.

U.S. companies and government agencies have disclosed 1,022 breaches this year, according to the Identity Theft Resource Center. Lawmakers from both parties said it's time to enact tougher rules for data security.

Here are five ideas floated during the hearing:

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Practice Management
C-Suite
Retirement Trends