CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » On Data Privacy Day, CUs lead push to protect consumers
Policy & Issues

On Data Privacy Day, CUs lead push to protect consumers

January 28, 2020
SH

As Jan. 28 marks Data Privacy Day, CUNA, Leagues and credit unions are leading efforts to ensure consumer data is protected through uniform data privacy and security laws, as well as ensuring the availability of the latest resources to combat cyberattacks. Since 2005, it’s been estimated more than 10,000 data breaches have exposed more than 11.6 billion personal records.

CUNA has called on Congress, most recently in December, to move beyond the Gramm-Leach-Bliley Act and its sector-specific approach to data security and privacy.

“The widespread use of consumer data across multiple platforms and industries has made the sector-specific approach outdated at best, as American consumers would be better served with a uniform privacy and security law regulating data and privacy protections based on type of data,” said Lance Noggle, CUNA senior director of advocacy for payments and cybersecurity. “These standards should apply to every business, institution and organization that handles consumer data, and each link in that journey should be held accountable when something goes wrong.”

CUNA is a founding board member of Sheltered Harbor, a voluntary initiative to help protect financial institutions from cyberattacks. Through the initiative financial institutions back up account data each night in the Sheltered Harbor standard format, either in its own secure data vault or with a participating service provider.

The vault is separate from the rest of the institution’s infrastructure, including all backups. Institutions that compete the data vaulting requirements are awarded Sheltered Harbor certification.

Credit Union Magazine - Winter 2020

Winter 2020

Credit Union Magazine’s Winter 2020 edition features CUNA’s 2021 lending outlook, CEO insights on adjusting to the pandemic, and board recruitment strategies.
Digital Edition •  Subscribe

Trending

  • Compliance: 2020 Year in Review, Checklist now available

  • 5 fraud predictions for 2021

  • CUNA sends recommendations to incoming Biden administration

Tweets by CUNA_News

Polls

Will you ask employees to receive the coronavirus vaccine?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors