CEO Adams said the Durbin Amendment sent billions in interchange to retailers, but financial institutions still bear risk and cost of breaches.
Members surveyed also reported their average Target breach cost was $45,000.
Did the security standards fail in recent data breaches, or were they improperly implemented? Does it even matter?
A second credit union files a lawsuit against the Minneapolis-based retailer over massive data breach.
Learn more about data breaches and read other articles about payments in this week's Focus Report.
U.S. card data is low-hanging fruit for data thieves.
CUNA, NAFCU and bank trade associations fire off a letter to leaders on Capitol Hill countering what they say are false retailer claims about data breaches.
Qualified credit unions must use personalization processes and chip certification to match the faster program.
Risk control experts and credit union executives provide ways credit unions can limit losses from card data fraud.
WASHINGTON–Senate Judiciary Committee witness says Congress should follow Obama's 2011 plan that mandates breach reporting. Some businesses would be exempted.