NCUA’s Mea Culpa: An Isolated Incident

NCUA has issued a statement taking responsibility for the data breach at a California credit union that was the result of an examiner losing a thumb drive provided by the credit union that contained sensitive member information. NCUA stated that this was an unfortunate, but isolated incident that involved a violation of internal security procedures and has pledged to reinforce their staff training on security. [12/18/14]