Thaler urges data security standards for retailers

first_imgA primary concern of credit unions and their 103 million members is ensuring that the nation’s retailers have the data and cyber security standards necessary to protect consumers’ information, wrote NAFCU’s Brad Thaler to House Small Business Committee leaders ahead of today’s hearing on cyber threats.Thaler, NAFCU’s vice president of legislative affairs, said NAFCU supports many of the efforts to strengthen existing cyber mechanisms, such as the work of the Financial Services Sector Coordinating Council and the Financial Services Information Sharing and Analysis Center, both of which NAFCU is a member. However, Thaler said more needs to be done on the data security front.“Data security is an important part of the cyber security discussion,” Thaler wrote in his letter to committee Chairman Steve Chabot, R-Ohio, and Ranking Member Nydia Velázquez, D-N.Y. “Every time a consumer uses a plastic card for payment at a register or makes online payments from their accounts, they unwittingly put themselves at risk.” continue reading » 29SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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