Sixty-three percent of respondents to NAFCU’s latest Economic & CU Monitorsurvey on cybersecurity indicated they are “very concerned” about another Equifax-type data breach. The Monitor was sent to NAFCU members yesterday and is now available for download.

Regarding the Equifax data breach, 20 percent of survey respondents have already reissued new credit and debit cards to their members. In addition, credit unions have assisted their members who were exposed by the Equifax and other data breaches by providing member services including: education, identity theft insurance, credit protection services, identity recovery services, credit score monitoring and other services.

Credit union survey respondents were also concerned about the threat of a merchant data breach, with 58 percent indicating they were “very concerned.”

 

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