Press Releases

McHenry Responds to Capital One Breach

Washington, July 30, 2019 -

Today, Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement in response to the Capital One Financial Corporation data security breach:

"The Capital One data breach is a stark reminder of the need for stringent data security standards for financial institutions, third-party service providers, and any other entity with access to personally identifiable information. In this instance, tokenization and encryption helped protect some sensitive data, but it's vital that we continue to modernize and innovate. I've long advocated for legislation that would help end our reliance on stagnant identifiers like Social Security numbers. It's time to develop technological and regulatory systems that do a better job of keeping American consumers safe from growing cybersecurity threats."

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