February 13, 2014

Hunt talks Target breach at Tech-Sec

Feb. 14, 2014 - NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt discussed the recent Target breach and its implications on credit unions with attendees Thursday during the final day of NAFCU's Technology and Security Conference in Las Vegas.

Hunt spoke about hearings and bills Congress has initiated in light of the Target breach, and in response to NAFCU's urging. She also talked about NIST's release of a cybersecurity framework with voluntary guidelines, a move supported by NAFCU, as well as President Obama's executive order on cybersecurity.

She also discussed NAFCU's ongoing efforts to push national standards for merchants' data protection, noting the "chip-and-PIN" card technology retailers are promoting won't solve the problem of data breaches.

Also on Thursday:

  • Vantiv Vice President of Corporate Marketing Lorena Harris spoke about the emergence of the omniconsumer, new shopping and banking trends. She discussed ways credit unions can earn new business and build omniconsumer relationships using mobile payments.
  • Tinker FCU Executive Vice President and Chief Risk Officer Patrick Yager lead a peer session on crisis management for credit unions and their members.

Next year's Technology and Security Conference is Feb. 9-11 at Planet Hollywood Resort and Casino in Las Vegas. The conference is open to NAFCU members and nonmembers. Register now.