CUNA survey of 835 credit unions reveals 7.2 million cards affected at an average cost of $8.02 per card.
President Obama has launched an initiative through an executive order called “Buy Secure” to help motivate companies to implement safer payment methods.
Many credit unions lack adequate security budgets. Cyber insurance can fill the risk gap.
President launches initiative to motivate companies to implement safer payment methods.
NAFCU reports 84% of respondents hit by local data breaches during the last two years.
Backoff malware attacks customer data at 395 stores.
Members of large and small credit unions are being hit with new text fraud.
Review this year's 10 largest data breaches and their latest numbers.
Automatic card reissuances might be a knee-jerk reaction.
Trade group calls on President Obama to take action on growing number of breaches.