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NAFCU Director of Regulatory Affairs Alexander Monterrubio today will attend an all-day cybersecurity meeting in Washington with the Financial Services Sector Coordinating Council, of which NAFCU is a founding member.

Today's meeting will be jointly hosted with the Financial and Banking Information Infrastructure Committee and held at the Treasury Department. NAFCU has worked with both the FSSCC and FBIIC on cybersecurity issues. Monterrubio will take part in discussions today on the goals of the FSSCC, various intelligence threats to the financial sector and ways the financial sector can better collaborate with the intelligence community.

This year, NAFCU created a Cybersecurity and Payments Committee, which has met to discuss current cyber and payments challenges facing the credit union industry. Among the topics discussed by the committee is the Federal Financial Institutions Examination Council's cybersecurity assessment tool. NAFCU recently created a user-friendly, interactive workbook to help member credit unions go through the steps of the FFIEC's cybersecurity assessment tool.

NAFCU also continues to support the creation of a strong national data security standard that would hold retailers to the same regulations credit unions already follow under the Gramm-Leach-Bliley Act, such as the "Data Security Act of 2015" (H.R. 2205/S.961).