Press

NAFCU statement in response to NCUA OIG review of data breach caused by examiner

WASHINGTON, DC (March 5, 2015) — National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement today on the National Credit Union Administration (NCUA) Office of Inspector General’s review of the reported data breach at Palm Springs Federal Credit Union in California caused by an agency examiner’s loss of an external flash drive.

“NAFCU appreciates NCUA’s Office of Inspector General reviewing how the agency handled its examiner’s loss of an external flash drive containing sensitive personal and financial credit union member data,” said Berger. “We  recognize NCUA’s efforts to assess its systems and restate its policies to prevent a similar incident from recurring in the future. We firmly believe that NCUA, as a steward of credit unions’ sensitive information and as a federal regulator, must be held to the highest standard for safeguarding such data. We urge NCUA to continue to review its internal practices to ensure they are sufficient to protect data.”

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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