Sen. Bob Menendez held a press conference Wednesday at Stevens Institute of Technology in Hoboken to announce new legislation centered around the Equifax data breach. Menendez, a senior member of the Senate Banking Committee, which oversees credit reporting agencies, will look to require companies to better protect customer data and hold accountable those who fail to safeguard that information.

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“The bill requires the top three credit bureaus to quickly inform the public and federal regulators of major data breaches,” said Menendez. “And in this age of ever evolving cyberthreats, my bill strengthens data security standards for credit reporting companies and requires they offer more help to consumers in the wake of intrusions”

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