Links in “Cybersecurity/Data Breaches”

The definition of "private information" that would trigger customer notification requirements if a breach is discovered would expand to include email addresses, passwords, and medical and health insurance information. If approved, the New York law would also require companies that collect this information to have security measures in place to protect this data. [1/19/15]

...According to cybersecurity expert Jay Ranade. Could something so simple really help? Find out in Risk Watch 45, the latest addition to our web series. [1/16/15]

After the recent data mishap involving a lost thumb drive, the NCUA Board has approved payment of costs associated with the Palm Springs FCU data breach (up to $50,000). The NCUA is also taking additional steps to continually improve training and procedures to avoid such scenarios in the future. [1/16/15]

President Obama proposes information sharing between government and the private sector on cyber threats in a way the White House says satisfies privacy concerns. [1/14/15]

President Obama is planning to announce a new proposal next week that will require companies that have been targets of a data breach to notify their customers within 30 days. As a further effort to combat identity theft, the White House announced that $29 billion State Employees Credit Union (NC) and JPMorgan Chase have joined others in offering free credit scores to their account holders. [1/13/15]

President Obama is in the midst of a three-day rollout of cyber measures ahead of his State of the Union speech next week. Here's what it could mean for financial institutions. [1/13/15]

FINRA issued a packed priorities letter for 2015. This letter is much longer than the last two years, but repeats many of the same examination priorities. Hot topics include: sales of interest-rate sensitive and complex products (alternative mutual funds), cyber security risks, treatment of senior investors, and high-risk brokers. [1/12/15]

NAFCU doesn't seem too happy about NCUA’s announcement that it is considering a rule that would require institutions to encrypt member data when giving it to examiners. NAFCU claims that the agency should look to enhancing its own internal policies and procedures, rather than imposing yet another rule on credit unions. [1/8/15]

Here are some eye-opening statistics. 27% of all reported data breaches were caused by credit card skimming and 87% of those incidents occurred at ATMs. This article provides practical strategies to minimize these types of occurrences. [1/8/15]

Sure to be a blockbuster hit! In Part I of the two-part, NCUA-produced films, consumers are educated about detecting and preventing fraud. Part II continues the saga, as consumers learn techniques in identifying and combating fraud, scam, and cyber threats. [1/8/15]