Credit union executives attending the event said the issue was top of mind for them, too.
Daniel Waltz, president/CEO of the $204 million Southern Mass Credit Union in Fairhaven, Mass., said his credit union wants lawmakers to address the merchants' responsibility when a data breach occurs.
"It's been a very expensive proposition for us when retail merchants compromise our data and we have to reissue debit cards for our members and notify them of the compromise – that has been a problem for several years starting in the early 2000s and it hasn't been properly addressed since then," he said.
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