In the past few weeks, NAFCU has been focused on defending credit unions from the fallout of the Equifax breach specifically, and the cybersecurity risks posed by third parties generally. At this moment, the door is open to cybersecurity legislation that could have real positive impact for the credit union industry, and NAFCU is moving to seize on that opportunity. As legislation may be the best hope to protect credit unions from another breach like the one at Equifax, I'd encourage your credit union to engage with your Members of Congress to ensure they understand that credit unions must be protected in the future. Please visit our Grassroots Action Center for more information.
From The NAFCU Compliance Blog, written by Elizabeth M. Young LaBerge, Senior Regulatory Compliance Counsel, NAFCU