CUNA joined with CUNA Mutual Group and the Financial Services Information Sharing Center (FS-ISAC) Thursday for a webinar on how credit unions can deal with the fallout after a data breach. The webinar, which was attended by more than 1,300 credit unions, followed news earlier this month of a major breach affecting as many as 143 million consumers.
“At CUNA, data breaches remain one of the major topics members ask us about, particularly due to the cost of re-issuing cards and other direct costs that follow a breach,” said Lance Noggle, CUNA senior director of advocacy. “In the wake of this breach, we’re starting to see movement in Washington, D.C. Several hearings have been announced by Congress, numerous committees have sent formal letters asking for details, and we’re starting to see various legislation introduced.”
FS-ISAC is an industry forum for collaboration on critical security threats facing the global financial services sector, of which CUNA is a member.
The webinar also addressed best practices for credit unions, which include:
A recording of the webinar, available to CUNA and CUNA Mutual Group members only, will be available soon.