New York Law Journal
The difference, according to Morrison & Foerster partner Miriam H. Wugmeister, between the Equifax breach and other security attacks on retailers such as Target is that social security numbers were stolen rather than credit card numbers, which can be disputed.
“Social Security numbers are a whole different ball game. There isn’t a back stop the way there is with credit cards,” she said in the New York Law Journal article “NY Opens Investigation Into Equifax Breach.”
On how the hack could affect regulations moving forward for credit reporting agencies, she said “I think the whole way in which the credit reporting agencies are structured—how they get information, how they share information—is not very well understood by regulators. This may cause there to be a re-examination of the whole credit reporting agency model.”
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