"Data breaches have exceeded last year's record, and millions of consumers have already had their information compromised, yet retailers continue to resist critically needed national data security standards," said Dan Berger, president and CEO of the National Association of Federal Credit Unions. "With this void in protection, every retailer's sale sign is a welcome sign for cybercriminals and a hazard for consumers who may unwittingly fall victim to a retail data breach."
According to Identity Theft Resource Center, there have already been more than 900 data breaches in 2016, a marked increase over last year's 781. The business sector which includes retailers has been responsible for 397 (44.1%) of this year's braches, with 5.5 million consumer records exposed.
NAFCU and the Credit Union National Association continue to press Congress to implement stricter data security standards for merchants.