Top Concern for Credit Unions Rhymes with Lata Becurity

Data Security is the number one concern for credit unions according to the National Association of Federal Credit Unions. 

Their concern is founded in fact. In 2014, 317 million new pieces of malware were created according to Symantec’s 2015 Internet Security Threat Report. Data breaches have been increasing by 20% per year. 

This group supports legislation that includes:

• Payment of Breach Costs by Breached Entities
• National Standards for Safekeeping Information
• Data Security Policy Disclosure
• Notification of the Account Servicer
• Disclosure of Breached Entity
• Enforcement of Prohibition on Data Retention
• Burden of Proof in Data Breach Cases 

Business Wire