Links in “Cybersecurity/Data Breaches”
- Setting Record Straight on Erroneous NRF Claims
NAFCU has issued a public statement taking the National Retailers Federation to task for what it sees as erroneous claims about data breaches and the measures needed to address them. Despite NRFâs claim that card issuers could eliminate the risk through chip-and PIN technology, NAFCU says that national standards on data security for retailers is a critical component in addressing the issue. [3/6]
- Bankers to Yellen: Beware Efforts to Regulate Interchange Under Guise of Data Security
53 state bankers associations write to FRB chair Yellen calling attention to "thinly veiled effort to once again advance the regulation of interchange under the guise of current concerns over data security." [3/6]
- Comptroller of the Currency Addresses ICBA
OCC Comptroller Curry's virtual address to ICBA members on community banking. Key notes included: emphasis on importance of community banks, regulatory burdens, key risk factors including emerging risk factors associated with IT security, and third-party relationships. [3/5]
- Record Number of GAC Attendees Spent Week Advocating for Credit Unions
The 4,400 attendees at this yearâs CUNA GAC conference in Washington, D.C. spent this week paying visits to their Congressional representatives to educate them on the issues of most importance to the credit union industry. The key issues discussed were taxation, member business lending, housing finance reform, data security and credit union charter enhancements along with issues of importance in particular states. [2/28]
- NCUA Launches Cyber Security Site
Site is devoted to helping credit unions prepare to deal with cyber threats. [2/26]
- NCUA Chair Matz Warns CUs Against Cyber Terrorists
Instead of cyber-thieves, NCUA Chair Debbie Matz warns of a worse scenario, hackers motivated by terrorism. [2/25]
- Two-Factor Authentication Coming to HSBC
In the wake of retailer security breaches, HSBC will begin offering its customers two-factor authentication, available either as a small hardware device and a mobile app download, which will give online banking customers a unique code to enter each time they log in. [2/25]
- Retailer Data Breaches: 4 Million Reissued Cards and Counting
Community banks have already had to reissue 4 million credit cards at a cost of more than $40 million in response to recent retailer security breaches. [2/20]
- Target Was Warned about Data Security Vulnerabilities
Target computer security staff recommended that the company review its security more than two months before the massive data breach. To date at least 53 lawsuits have been filed against the company. [2/19]
- Overview of White House’s Cybersecurity Framework
A look at Executive Order 13636 on the "Framework for Improving Critical Infrastructure Cybersecurity," released last week. [2/19]
