Policymakers need national data security framework

According to research from the Identify Theft Research Center, more than 1.5 billion records have been exposed and nearly 10,000 breaches reported since 2005. In 2018, alone, 446.5 million records were exposed. CUNA calls on policymakers to create a national data security framework, and believes that data security and privacy must be a national security […]

According to research from the Identify Theft Research Center, more than 1.5 billion records have been exposed and nearly 10,000 breaches reported since 2005. In 2018, alone, 446.5 million records were exposed.

CUNA calls on policymakers to create a national data security framework, and believes that data security and privacy must be a national security priority.

“America’s focus on national security must extend beyond strictly physical concerns like our border and our defense interests. It is imperative that we protect our nation’s digital infrastructure from the ever-increasing cyber-attacks that create financial calamity, jeopardize Americans’ privacy, and monetarily bolster foreign bad actors,” said CUNA President/CEO Jim Nussle. “The current patchwork of data security and privacy regulations creates gaps through which cybercriminals continue to exploit every American’s personal and financial data. If our leaders are serious about protecting Americans, then real solutions to data security and privacy must be a priority.”

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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