President Obama's policy directive on cybersecurity is a welcome development, but policymakers must take additional steps to protect data, NAFCU President B. Dan Berger said Tuesday.

Obama on Tuesday released a Presidential Policy Directive that establishes principles that will guide the federal government's response to any cybersecurity incident. It establishes lead agencies for any major incident and a blueprint for a federal response.

"NAFCU and our members welcome President Obama's continued focus on addressing cybersecurity threats," Berger said. "However, data security is also of critical importance, and much more needs to be done on this front. Retail data breaches continue to be popular among cybercriminals seeking to capture consumers' sensitive personal and financial information."

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