WESTBROOK, Maine (9/15/14)--The Maine Credit Union League and its credit union service organization, Synergent, hosted a conference call last week to apprise the state's credit unions about the latest information on data security breaches at the Home Depot and other retailers.
Nearly 50 credit unions heard from the league's President/CEO John Murphy and Vice President of Governmental and Public Affairs Jon Paradise, as well as Synergent representatives Rebekah Higgins, assistant vice president of card services; Gary Glenn, executive vice president; and Ben Jordan, vice president of technology services (Weekly Update Sept. 12).
"Breaches are happening on a near-daily basis, so remaining vigilant is essential," Higgins noted, adding that in some of the breaches, criminals are taking data to access accounts in other ways.
She advised credit unions: "Monitor, watch and tighten up real-time settings is advice that cannot be stressed enough. We are continuing to take steps to help in any way we can, including making sure we have enough plastics on hand to handle these issues."
The league also has been tapped as a subject-matter expert for various media in the state such as the Portland Press Herald, Sun Journal, Bangor Daily News, WCSH-TV 6, WLBZ-TV 2, WMTW-TV 8 and WGME-TV 13.
"Reinforcing what credit unions are doing to help consumers is an important message that we are getting out and we will continue to do so," Murphy said. "Credit unions are well-positioned by focusing on protecting consumers as a result of these stories." These media opportunities highlight the sophistication and expertise of credit unions, he added.