Six financial services organizations have joined the CUNA-created “Stop the Data Breaches” campaign in light of merchants’ efforts to combat CUNA-backed data security legislation. The campaign, at www.stopthedatabreaches.org, utilizes geo-targeted digital and print ads to encourage support for the Data Security Act of 2015 (S. 961/H.R. 2205).
The Data Security Act of 2015, which has strong bipartisan support, would require a national data protection standard for all entities handling sensitive consumer information, as well as enact a notification standard in the event of a breach.
Specifically, the bill would:
CUNA and the other organizations are encouraging members to contact their elected officials through email and social media (using the hashtag #StopTheDataBreaches).
Both The Hill and American Banker made note of the campaign's launch Monday.
The American Bankers Association, Consumer Bankers Association, Independent Community Bankers of America, Financial Services Roundtable, National Association of Federal Credit Unions and The Clearing House all joined CUNA’s campaign.