CUNA statement on White House Executive Order for Cybersecurity

(October 17, 2014) — Credit Union National Association’s Eric Richard, EVP and general counsel, released the following statement:

“CUNA commends the President for calling on Congress to stop the data breaches with cybersecurity legislation to protect American consumers. Credit unions have repeatedly called for legislation to clarify companies’ obligations when sensitive data is breached for the safety and security of their members.

“As a member of the Payments Security Task Force, CUNA has been actively engaged with payment networks, financial institutions, retailers and manufacturers to ensure chip cards and readers are accessible and enabled by the end of 2015.

“Credit unions have been and will continue to be involved in this important conversation, and we look forward to working with the Administration on this vital issue.”

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