Conference attendees saw the latest technology solutions
in the Technology and Innovations Showcase.
- Proimages photo
Feb. 28, 2013 – Credit unions learned about current laws regarding corporate data security and privacy procedures during the second day of the NAFCU Technology and Security Conference in Austin, Texas.
In a session titled Everyone is into Computers, Who is into Yours, Mark Maier, partner at McGuireWoods LLP, explained the legal obligations for credit unions when data breaches take place and the best ways to prevent privacy losses.
Maier said 87 percent of threats come from outside sources. He cited recent case studies, including the Feb. 1 Twitter breach that left 250,000 Twitter users vulnerable, and demonstrated the importance for credit unions of safeguarding data and protecting members’ sensitive information. Maier also discussed the importance of understanding federal and state laws on data security and security risks posed by social networking or employee devices.
Also speaking Thursday were:
- T.J. Wyman, vice president of information technology at Coastal FCU, on how personal teller machines are transforming credit union branches by reducing labor costs, increasing branch hours and improving service;
- Charles Beierle of Randolph-Brooks FCU, Casey Bacon of Government Employees FCU and Dale Marroquin of San Antonio FCU in a panel discussion about how credit unions can balance fraud protection with providing quality services;
- Paul Fisher from Insuritas (a NAFCU Services Preferred Partner) and Dash Lavine with Webtrends on how credit unions can improve their services and become more knowledgeable about the needs of each member by using new technology;
- Patty Walters, of Merchant Products and Securities, on EMV (EuroCard, MasterCard, Visa), a global payment card standard, and how credit unions can plan for the EMV liability shift in 2015.
The conference resumes today with sessions on business continuity evaluation and simulation; using 21st century technologies to improve credit union services; and how credit unions can prepare for technology exams.