1800 Credit Records Exposed

The Register reports that 3 credit information resellers have settled federal charges that they didn’t do enough to prevent security breaches that exposed sensitive consumer information.  The companies buy credit reports from the 3 national consumer reporting agencies and combine them into special mortgage broker reports.

Together the companies have exposed more than 1,800 credit reports through compromised client networks, according to the US Federal Trade Commission, and even after learning of the compromises, failed to take reasonable steps to prevent future breaches.  The companies have agreed to obtain independent security audits every other year for the next 2 decades, and to develop comprehensive security programs designed to protect the confidentiality of the consumer data that they sell.