Network security is everyone's responsibility, says Jay Isaacson, CUNA Mutual Group's director of CU protection, during a Wednesday Discovery Session.
And your weakest link, he says, really depends on the types and levels of security you employ. As a result of Target and other high-profile breaches, all organizations that deal with member data must be held accountable.
"And boards and management must always ask what the CU is doing to protect their data--and is it enough?" he says.
A U.S. District judge Monday dismissed three lawsuits--including one by the National Credit Union Administration--brought against U.S. Bank National Association and Bank of America, National Association regarding their duties as trustees of residential mortgage-backed securities.