ALEXANDRIA, Va. -- NCUA agrees to pay for credit monitoring for Palm Springs FCU's members, staff time and legal fees.
Some call for a national data security standard, others say consumers entitled to free, ongoing access to credit reports.
Mandate would clarify, strengthen obligations companies have to notify customers when their data has been compromised.
Trade group advises NCUA to look internally for better ways to protect member data.
Chairman Debbie Matz also estimates the Palm Springs FCU breach will cost between $15K and $20K.
National fast food chain says it first heard of unusual activity involving payment cards on Dec. 19.
Pennsylvania woman makes fraudulent loans on member accounts and forwards statements to conceal the crime.
Judge says consumer suit can proceed because victims suffered actual losses.
TruMark Financial fraud investigator connects the dots for local authorities and prevents additional account theft.
NCUA Vice Chairman directs staff to create guidelines requiring providing encrypted data to the agency, state examiners.