The Illinois Credit Union League is the newest plaintiff in CUNA's class-action suit against Equifax over the credit bureau's recent data breach.
The league said it wants to fulfill its mission to protect member credit unions from losses caused by merchant and vendor data breaches, according to a press release issued Monday.
"We are joining the Credit Union National Association (CUNA) in the fight to hold Equifax accountable for this grievous data breach impacting more that 145 million American consumers," Illinois Credit Union League President/CEO Tom Kane said. "This is the latest of a growing number of high-profile data breaches, but it will likely turn out to be the worst because of the type of sensitive information that was exposed. Equifax was unbelievably careless by ignoring warnings to make a simple — but critical — security patch to their software and the negative effects of this breach may be felt by credit unions and their members for years to come."
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