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NAFCU: Possible Chick-fil-A Breach a Reminder Congress Must Act to Create National Data Security Standard for RetailersNational Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger renewed the association's push for national data security and breach notification standards for retailers amid news of a possible data breach at Chick-fil-A chain restaurants. "Unfortunately, 2014 has turned out to be the year of the data breach and now we have the latest report of yet another retail data breach," said Berger. "Congress must make passing a national data security standard for retailers a top priority when it returns next week. Congress should hold retailers subject to the same national data security standards that apply to financial institutions, such as the requirements of the Gramm-Leach-Bliley Act." One year after the Target (News - Alert) data breach, the figures are astonishing:
NAFCU is a member of the Payments Security Task Force. The task force is a diverse group of participants in the payments industry focused on EMV chip implementation, including ways to help reduce testing and implementation time, as well as driving a discussion on payments system security. NAFCU is also a member of the Financial Services Sector Coordinating Council and the Financial Services Information Sharing and Analysis Center, which work on infrastructure cybersecurity. The National Association of Federal Credit Unions is the only national trade association that exclusively represents the interests of federally chartered credit unions before the federal government and the public.
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