Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
FSOC Puts Spotlight on Cybersecurity Legislation
WASHINGTON (12/10/13)--The Financial Stability Oversight Council (FSOC) met in open session Monday to discuss cybersecurity, as well as to receive a presentation from the Office of Financial Research on financial market developments, among other things.
 
Politico reported that officials from the U.S. Treasury Department told FSOC members that there is a significant need for cybersecurity legislation that goes beyond the Obama administration's executive order on "critical infrastructure" cybersecurity.  That order, when issued, incorporated some changes suggested by the Credit Union National Association to the agency. Cybersecurity legislation is supported by CUNA, and widely across the financial services industry.

Politico reported that a Treasury official said at the FSOC meeting that although work under the Executive Order is vital, it is not a substitute for legislation and that the administration hopes to work with Congress to keep laws apace with evolving cyber threats.

The National Credit Union Administration is an FSOC member.
Other Resources

CUNA Comment Letter
RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
19 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
1 Day ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
1 Day ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
1 Day ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
1 Day ago