WASHINGTON—With several more high-profile data breaches taking place during August, as Congress returns for its Fall session CUNA is again calling for meaningful data security legislation to be enacted.
CUNA’s “Stop the Data Breaches” campaign is the focus of its latest Member Activation Program (MAP) campaign, which seeks to activate credit union members to call on their members of Congress to act.
Specifically, CUNA is again calling on Congress to:
- Treat data privacy as a national security issue. CUNA noted there have been more than 10,000 data breached in the U.S. since 2005, compromising nearly 12-billion consumer records. Many of these breaches are being perpetrated by foreign governments, domestic organized crime syndicates and rogue international actors using the data to fund illicit activities, CUNA said.
- Fix the weak links in the system. CUNA wants all entities that hold and use consumer data to be subject to strong federal data security requirements
- Set a strong federal standard that preempts state laws. CUNA said it wants to replace the current patchwork of various state laws, regulations and requirements that provide uneven protection and require numerous compliance resources with a single federal standard.