Economic and CU Monitor (Special Topic: Data Security) - February 2015

This month's special topic: 

Data Security

With each passing year, more and more households are impacted by data breaches. In 2014 alone, there were numerous high-profile merchant breaches, headlined by the Home Depot incident which exposed 56 million cardholder accounts. In a recent Gallup poll, 69 percent of respondents indicated that they worry about having their credit card information stolen by hackers. However, even in situations where retailers are to blame for jeopardizing customers’ financial data, credit unions are the ones that bear the cost to make their members whole.

NAFCU's Economic and CU Monitor is a NAFCU member-only monthly report of the latest macroeconomic and financial trends affecting today's credit unions, including trend data among NAFCU member credit unions.




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