Equifax, Experian Facing New York Financial Cybersecurity Rules (1)

Equifax Inc., Experian Inc., and TransUnion will have to comply with New York’s financial sector cybersecurity rules as of Nov. 1, after the state moved to police the credit reporting companies’ data security woes.

The New York Department of Financial Services moved to put the credit bureaus under its rules because of the massive 2017 data breach at Equifax and smaller ones at Experian in 2013. The rules will also help impose more cybersecurity requirements on credit bureaus handling some of the most sensitive consumer data, such as Social Security numbers.

“The decision to make credit reporting agencies subject to ...