02/24/2014

GAC: Matz highlights CU v. merchant data breach 'double standard'

CUNA News Now Headlines 2/24/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

NEW: Matz says merchants must be subject to same data security standards as CUs

WASHINGTON (UPDATED: 2/24/14, 11 A.M. ET)--The data breach at Target is the story of a double standard "that is neither healthy nor fair," National Credit Union Administration Chairman Debbie Matz said today at the 2014 Governmental Affairs Conference. "While financial institutions are required by law to protect sensitive personal information, data protection standards for retailers are too often simply not adequate," Matz added. More

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