March 29, 2024
Daily Briefs
Consumer protection bureau cites 'growing' cyber threats in strategic plan
The Consumer Financial Protection Bureau cites responding to increased cyber threats among its policy priorities in a new five-year strategic plan, even while the agency prepares to pull back on some activities in order to focus on its core statutory requirements.
“Cyberattacks are a growing threat to consumers and financial institutions. As a result, many financial institutions have increased their efforts to safeguard consumers’ financial data,” says the CFPB in its strategic plan issued Monday.
Yet no institution can...