New York governor wants credit-reporting firms to follow cyber rulesWASHINGTON/NEW YORK (Reuters) - New York Governor Andrew Cuomo said on Monday that he wants credit-reporting firms to comply with the state’s cyber-security regulations, the latest government official to crack down on the industry in the wake of the massive Equifax hack. Also on Monday, Bloomberg News reported that federal authorities have opened a criminal probe into stock sales by three Equifax Inc (EFX.N) executives before the company disclosed the massive data breach, news that has weighed heavily on the stock price. The company has said the executives were unaware of the hack when they sold the stock for $1.8 million.  Equifax’s legal woes worsened as the U.S Attorney’s office in Atlanta issued a statement saying it was working with the FBI on a criminal investigation into the breach and theft of personal information. Equifax shares rose 1.5 percent on Monday after losing about a third of their value since the hack was announced. The Equifax breach discovered on July 29 exposed sensitive data like Social Security numbers of up to 143 million people. Cuomo said he planned to require all credit-reporting agencies to register with the state and comply with its cyber-security rules.  The proposed regulation would take effect in February, Cuomo said in a statement. If the companies do not register, they risk being barred from doing business with financial companies regulated by New York state.  The state would be able to bar credit-reporting agencies, including TransUnion (TRU.N) and Experian Plc (EXPN.L), as well as Equifax, from doing business in New York if the state found they engaged in “unfair, deceptive or predatory practices,” Cuomo said. “The Equifax breach was a wake-up call,” Cuomo said. “And with this action, New York is raising the bar for consumer protections that we hope will be replicated across the nation.”  Proposed regulations are typically subject to a period for public comment before they become final. A New York state cyber-security regulation, the first of its kind in the United States, took effect on March 1. It requires financial firms to take measures to protect networks and customer data from hackers and disclose cyber events to regulators. Maine is the only U.S. state that requires credit agencies to register, said William Lund, superintendent of the Maine Bureau of Consumer Credit Protection. But its law does not cover cyber security, an issue the bureau will have to consider, Lund said. Maine, which has been registering credit-reporting agencies since the 1990s, has 30 such agencies on its roster, ranging from the largest to those dealing with everything from check approval to tenants’ rental histories, he added. The three credit-reporting agencies did not respond to requests for comment on Cuomo’s plan. Bloomberg reported on Monday that the U.S. Justice Department is investigating whether Equifax’s chief financial officer, John Gamble, and two other executives broke insider-trading rules by selling stock after the breach was discovered in July and weeks before it was disclosed this month. Reuters was not able to confirm the Bloomberg report. Separately, the company issued a statement saying a second Bloomberg report late on Monday about a second cyber attack in March referred to a breach at Equifax payroll unit that was previously reported to regulators, customers and consumers and also been covered by the press.  “Equifax complied fully with all consumer notification requirements related to the March incident. The two events are not related,” the statement said.  politicsNews
new york governor wants firms follow cyber york reuters new york governor andrew como said monday wants firms comply state regulations latest government official crack industry wake massive equinox hack also monday bloomberg news reported federal authorities opened criminal probe stock sales three equinox inc executives company disclosed massive data breach news weighed heavily stock price the company said executives unaware hack sold stock million equinox legal woes worsened attorney office atlanta issued statement saying working fbi criminal investigation breach theft personal information equinox shares rose percent monday losing third value since hack announced the equinox breach discovered july exposed sensitive data like social security numbers million people como said planned require agencies register state comply rules the proposed regulation would take effect february como said statement if companies register risk barred business financial companies regulated new york state the state would able bar agencies including transition xperia plc well equinox business new york state found engaged unfair deceptive predatory practices como said the equinox breach call como said and action new york raising bar consumer protections hope replicated across proposed regulations typically subject period public comment become final a new york state regulation first kind united states took effect march it requires financial firms take measures protect networks customer data hackers disclose cyber events regulators maine state requires credit agencies register said william land superintendent maine bureau consumer credit protection but law cover cyber security issue bureau consider land said maine registering agencies since agencies roster ranging largest dealing everything check approval tenants rental histories added the three agencies respond requests comment como plan bloomberg reported monday justice department investigating whether equinox chief financial officer john gamble two executives broke rules selling stock breach discovered july weeks disclosed month reuters able confirm bloomberg report separately company issued statement saying second bloomberg report late monday second cyber attack march referred breach equinox payroll unit previously reported regulators customers consumers also covered press equinox complied fully consumer notification requirements related march incident the two events related statement said politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: New York governor wants credit-reporting firms to follow cyber rulesWASHINGTON/NEW YORK (Reuters) - New York Governor Andrew Cuomo said on Monday that he wants credit-reporting firms to comply with the state’s cyber-security regulations, the latest government official to crack down on the industry in the wake of the massive Equifax hack. Also on Monday, Bloomberg News reported that federal authorities have opened a criminal probe into stock sales by three Equifax Inc (EFX.N) executives before the company disclosed the massive data breach, news that has weighed heavily on the stock price. The company has said the executives were unaware of the hack when they sold the stock for $1.8 million.  Equifax’s legal woes worsened as the U.S Attorney’s office in Atlanta issued a statement saying it was working with the FBI on a criminal investigation into the breach and theft of personal information. Equifax shares rose 1.5 percent on Monday after losing about a third of their value since the hack was announced. The Equifax breach discovered on July 29 exposed sensitive data like Social Security numbers of up to 143 million people. Cuomo said he planned to require all credit-reporting agencies to register with the state and comply with its cyber-security rules.  The proposed regulation would take effect in February, Cuomo said in a statement. If the companies do not register, they risk being barred from doing business with financial companies regulated by New York state.  The state would be able to bar credit-reporting agencies, including TransUnion (TRU.N) and Experian Plc (EXPN.L), as well as Equifax, from doing business in New York if the state found they engaged in “unfair, deceptive or predatory practices,” Cuomo said. “The Equifax breach was a wake-up call,” Cuomo said. “And with this action, New York is raising the bar for consumer protections that we hope will be replicated across the nation.”  Proposed regulations are typically subject to a period for public comment before they become final. A New York state cyber-security regulation, the first of its kind in the United States, took effect on March 1. It requires financial firms to take measures to protect networks and customer data from hackers and disclose cyber events to regulators. Maine is the only U.S. state that requires credit agencies to register, said William Lund, superintendent of the Maine Bureau of Consumer Credit Protection. But its law does not cover cyber security, an issue the bureau will have to consider, Lund said. Maine, which has been registering credit-reporting agencies since the 1990s, has 30 such agencies on its roster, ranging from the largest to those dealing with everything from check approval to tenants’ rental histories, he added. The three credit-reporting agencies did not respond to requests for comment on Cuomo’s plan. Bloomberg reported on Monday that the U.S. Justice Department is investigating whether Equifax’s chief financial officer, John Gamble, and two other executives broke insider-trading rules by selling stock after the breach was discovered in July and weeks before it was disclosed this month. Reuters was not able to confirm the Bloomberg report. Separately, the company issued a statement saying a second Bloomberg report late on Monday about a second cyber attack in March referred to a breach at Equifax payroll unit that was previously reported to regulators, customers and consumers and also been covered by the press.  “Equifax complied fully with all consumer notification requirements related to the March incident. The two events are not related,” the statement said.  politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: new york governor wants firms follow cyber york reuters new york governor andrew como said monday wants firms comply state regulations latest government official crack industry wake massive equinox hack also monday bloomberg news reported federal authorities opened criminal probe stock sales three equinox inc executives company disclosed massive data breach news weighed heavily stock price the company said executives unaware hack sold stock million equinox legal woes worsened attorney office atlanta issued statement saying working fbi criminal investigation breach theft personal information equinox shares rose percent monday losing third value since hack announced the equinox breach discovered july exposed sensitive data like social security numbers million people como said planned require agencies register state comply rules the proposed regulation would take effect february como said statement if companies register risk barred business financial companies regulated new york state the state would able bar agencies including transition xperia plc well equinox business new york state found engaged unfair deceptive predatory practices como said the equinox breach call como said and action new york raising bar consumer protections hope replicated across proposed regulations typically subject period public comment become final a new york state regulation first kind united states took effect march it requires financial firms take measures protect networks customer data hackers disclose cyber events regulators maine state requires credit agencies register said william land superintendent maine bureau consumer credit protection but law cover cyber security issue bureau consider land said maine registering agencies since agencies roster ranging largest dealing everything check approval tenants rental histories added the three agencies respond requests comment como plan bloomberg reported monday justice department investigating whether equinox chief financial officer john gamble two executives broke rules selling stock breach discovered july weeks disclosed month reuters able confirm bloomberg report separately company issued statement saying second bloomberg report late monday second cyber attack march referred breach equinox payroll unit previously reported regulators customers consumers also covered press equinox complied fully consumer notification requirements related march incident the two events related statement said politicsnews