Data security creates security worries on national level

Data security and privacy issues create economic and even national security concerns, CUNA Chief Advocacy Officer Ryan Donovan wrote to Congressional offices recently. Donovan reached out to Senate Commerce and House Energy and Commerce Committee staff, linking to a recent Wall Street Journal article about Chinese spying efforts against the U.S. The article Donovan linked to notes that […]

Data security and privacy issues create economic and even national security concerns, CUNA Chief Advocacy Officer Ryan Donovan wrote to Congressional offices recently. Donovan reached out to Senate Commerce and House Energy and Commerce Committee staff, linking to a recent Wall Street Journal article about Chinese spying efforts against the U.S.

The article Donovan linked to notes that China’s espionage efforts “is being abetted by an ocean of hacked personal data that may help pinpoint who is vulnerable to inducements.”

The message links to CUNA’s document on data security and privacy solutions, which are:

  • Fix the weak links in the payments/transaction space by enacting legislation that holds each link in the transaction accountable in order to incentivize entities to strengthen security
  • Standardize the patchwork of regulations that currently exist and make it easier for hackers to expose vulnerable targets; and
  • Protect American interests by making data security and privacy a national security priority.

CUNA has previously reached out directly to policymakers, including in recent letters to House and Senate subcommittees and direct emails to all 535 Congressional offices.

LEVERAGE offers cybersecurity solutions to help protect your credit union. Click here for details.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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