January 22, 2014

Fraud, data security threats eyed at Tech-Sec

Jan. 23, 2014 - Credit unions will learn about the latest trends in fraud and how to respond to data security threats at NAFCU's Technology and Security Conference next month in Las Vegas, amid continuing uncertainty in the wake of the massive breach at Target Corporation and other large retailers.

NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt will speak at the conference on new guidance from NCUA, the Federal Financial Institutions Examination Council and the Treasury Department on potential cybersecurity pitfalls. She will also go over privacy and security concerns that regulators and lawmakers will zero in on in the coming year.

During the conference, Feb. 11-13, credit union attendees will hear about critical areas of cybersecurity as well as the current efforts for legislation mandating that merchants take a more active role in protecting consumer's data.

Many of the sessions during this conference also touch on data security, including:

  • seven critical areas of cybersecurity during "Personal Cybersecurity? What You Absolutely, Positively Need to Know";
  • the latest fraud trends and how your credit union can leverage your own members to manage the threat of fraud; and,
  • Hunt will discuss the Target data breach and efforts for legislation on third-party data breaches.

Members and nonmembers can register for NAFCU's Technology and Security Conference.

NAFCU continues to call on Congress to hold such retailers responsible for the consequences of those breaches, by creating national standards to protect consumer data, such as those credit unions follow under the Gramm-Leach Bliley Act.