Senator Sherrod Brown, a Democrat from Ohio, is leading the charge against
credit-reporting giant Experian, demanding that it release details regarding
a recent data breach that affected millions of T-Mobile customers.
Brown, the top Democrat sitting on the Senate Banking Committee, specifically
requested that Experian provide information regarding the source of the
data breach—including what measures Experian is employing to prevent
another breach. Brown turned up the heat on Experian, questioning the
effectiveness of its credit monitoring and identity theft protection services.
T-Mobile teamed up with Experian to offer these services to the affected
Corporate giants such as Home Depot and Target are facing battles of their
own in the wake of their respective security breaches. Home Depot was
facing more than 50 separate lawsuits after a security breach rocked the
home improvement behemoth in 2014. These suits have since been consolidated
into two separate cases—one for consumers and one for financial
Target has agreed to a $10 million award to satisfy a class action filed
against the retail giant for a 2013 breach.
While large corporations are taking steps to prevent to these disasters
in the future, the issues raised by Senator Brown highlight the need for
immediate action. Legislation from Washington should address this ever-growing
issue. Such legislation may require affected companies to inform their
customers in the event of a breach no later than 30 days of discovering
the breach. 30 days may seem like a long time to be notified after a data
breach—it is. Immeasurable damage can be caused in a 30-day window.
It is important for consumers to regularly monitor their credit to catch
any fraudulent accounts.