In 2012, 1/5 of all fraud cases caused at least $1M in losses. Average employee fraud schemes lasted 18 months and caused $140K median loss.
The $211 million Alabama State Employees Credit Union is the first financial institution to sue Target seeking breach losses.
CFPB Director reassures Realtors credit unions can still make mortgage loans that don't conform to the bureau's qualified mortgage rule, which took effect Jan. 10.
Cloud-based platform stores, manages contracts, increases due diligence.
As mobile banking goes mainstream, credit unions should adjust security standards so access is on par with brick and mortar.
As the nation slowly thaws out after brutally cold weather, credit unions may continue to see a bit of a freeze when it comes to deposit growth this year.
Education is a start, but members need help changing behavior.
House Financial Services spokesman said committee would examine data security, but would not answer specific questions about Target.
HyTrust's Eric Chiu praised the Payment Card Industry Data Security Standard's history, but said hackers have found ways to defeat it.
The retailer also said it hopes to take a lead in encouraging EMV chip-and-PIN cards in the U.S.