ARMONK, N.Y.—The average cost of a data breach has declined by 1.5% year-over-year, costing companies $3.86 million per incident, according to IBM’s 2020 Cost of a Data Breach Report.
Fresh Today
MINNEAPOLIS, Minn.—A new survey by Entrust Datacard shows the vast majority of U.S. payment cardholders, or 75%, prefer using contactless cards over other forms of payment.
GAINESVILLE, Fla.–In response to requests from numerous readers, CUToday.info is soliciting your feedback on the steps your credit union has taken to cut costs.
ST. PETERSBURG, Fla.—For the first time in 23 weeks, credit card spend finished in positive territory last week, with both debit and credit growth rates increasing, according to PSCU.
ARLINGTON, Va.–New guidance from the Treasury Department on the Trump Administration’s proposed payroll tax holiday has NAFCU looking for anything new that might affect credit unions’ potential participation.
WASHINGTON–With just four state primaries remaining prior to November’s general elections, credit unions are watching the one primary taking place today, in this case in Massachusetts.
ALEXANDRIA, Va.—In response to the NCUA's request for information on future exam modernization efforts, both CUNA and NAFCU have expressed support for certain reform initiatives, while raising a host of other issues they want the agency to address.
TACOMA, Wash.—The $2-billion Sound Credit Union here intends to purchase a branch of First Interstate Bank in Lynnwood, Wash., the CU announced.
ALLENTOWN, Penn.–People First FCU has named a new president and CEO. The credit union has tapped Howard Meller to lead the organization and succeed Jeffrey Albert, who is retiring after 30 years with People First, the last nine as president and CEO.
WOODBURY, Minn.–Ideal Credit Union is reporting it saw a surge in participation after turning its annual member/community appreciation event into a virtual two-week celebration.