May I legally not authorize my current employer from obtaini

My current employer just enacted a new policy to obtain a credit report on all future and current employees that are involved in any part of the business that handles money (cash or checks) or are in a supervisory position, but no other type of employees. This was brought on by a previous employee who embezzled funds from the company. I feel that this is an invasion of my privacy and a credit report does not show an employer any proof of an ability to do any job, nor does it show that a person may "steal" from their employer! Thank you!