CUNA, trades unite to urge Congress on data security action

first_imgA group of financial trade organizations, including the Credit Union National Association, has written to Congress with a set of principles to serve as a guide for potential data security legislation.President Barack Obama has spoken of the need for such legislation, and the House subcommittee on commerce, manufacturing and trade will host a hearing this week examining what sound data breach legislation should look like.CUNA President/CEO Jim Nussle said the joint letter–with credit unions and banks uniting in a single message–serves to underscore the importance that legislative action be taken to plug the gaps in data security rules that apply to merchants.The letter reads, “Some industries–including the financial industry–are required by law to develop and maintain robust internal protections to combat and address criminal attacks, and are required to protect consumer financial information and notify consumers when a breach occurs within their systems that will put their customers at risk. continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img