New data breach polices impacting credit union IT teams.

Starting on September 1, credit unions and other organizations doing business with Colorado residents will have just 30 days to notify members about data breaches, thanks to a new law in the state. The change highlights the growing importance among credit unions of keeping an eye on state-level data-breach regulations, according to one cybersecurity attorney.

In addition to its 30-day notification deadline, the law in Colorado, which the governor signed at the end of May, requires businesses to have written policies for disposing of certain data records, use reasonable security measures to protect personally identifying information and tell the Colorado Attorney General about breaches involving 500 or more Colorado residents.

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Tina Orem


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