GAO agrees with the NCUA's position that cybersecurity requires additional regulatory muscle.
Data breaches are expected to reach $2.1 trillion globally by 2019, according to a Juniper Research study.
Tokenization and improved authentication must be pursued to fight data breaches.
MasterCard and Visa confirm the new policy with the California and Nevada Credit Union Leagues.
Compensation for data breach losses sought by 37 credit unions, 16 state leagues, 11 banks and CUNA.
Financial institutions’ loss in court could intensify the fight to force retailers to shoulder more data breach costs.
Credit unions have until May 27 to decide their role in the Home Depot data breach class-action lawsuit.
Of the 250 issuers that have Apple Pay agreements, approximately 155 are credit unions.
Retailer reports at least 57 civil suits to the SEC.
No relief from card fraud risk until majority of consumers begin using EMV-equipped cards.