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Removing Barriers Blog

CUNA signs letter in support of Cybersecurity Information Sharing Act
Posted August 05, 2015 by CUNA Advocacy

On August 4th, CUNA signed a letter with the Consumer Bankers Association, Independent Community Bankers of America and National Association of Federal Credit Unions to support the passage of S. 754, the Cybersecurity Information Sharing Act (CISA) that was authored by Senators Richard Burr and Dianne Feinstein.  Burr and Feinstein are the Chairman and Ranking member of the Select Intelligence Committee in the U.S. Senate.  The CISA bill will increase the country’s ability to defend against cyber-attacks by encouraging businesses and Government to share cyber-threat information more quickly and efficiently between the private sector and government.  It is the goal of this legislation to foster greater communication so cyber criminals who pose a real threat against the American cyber infrastructure can be more easily discovered and apprehended. 

The letter also highlighted the need for the Senate to take up legislation that would establish a strong, but scalable, national data security standard and notification system that would safeguard sensitive personal consumer information data held by merchants from cyber criminals.  Senators Carper and Blunt’s legislation, S. 961, is the only bill currently in the Senate that accomplishes the goal of establishing higher data security standards along with proper notification to law enforcement, private sector and consumers.  We will continue to urge the Senate to consider the Carper-Blunt bill and look for ways to move the legislation in the Senate.