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
Initial results expected this week from Target breach survey
WASHINGTON (1/21/14)--Preliminary results from the Credit Union National Association's survey on the impact of the massive Target data breach on credit unions are expected to be released this week.

CUNA has asked credit unions to outline the costs and burdens created by the Target data breach, which resulted in the theft of 40 million debit and credit cards, and encrypted PIN data, and the names, mail and email addresses, and phone numbers of up to 70 million individuals.

Target has admitted responsibility in the breach. Neimann-Marcus has also had data security issues lately, and six other merchants have reportedly been affected by the same hackers that caused the Target breach. (See News Now story: Target-like attack hitting 6 more retailers.)

CUNA has been collecting data from credit unions to inform communications with lawmakers, regulators, the media and others. There is no deadline for credit unions to respond to the survey, and credit unions that have not yet responded are encouraged to do so.  CUNA will update the survey results in a few weeks.

Members of the U.S. Congress are looking into the data breach issue and considering holding hearings. Bills that would establish consumer data security standards for companies and require them to notify consumers when a data breach has occurred have also been released. (See Jan. 16 News Now story: Carper, Blunt bills would address data security concerns)


RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
9 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
9 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
10 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
11 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
11 hours ago