Compliance

WASHINGTON -- NCUA is part of a new working group that includes members of law enforcement, intelligence communities and other financial services regulators, to better understand the cyber threats and vulnerabilities facing banks and credit unions.

NAPERVILLE, Ill. -- The decision by the Illinois Credit Union League to ban volunteers from its board of directors last year has been panned by some in the community, but a league representative said it was a necessary step approved by delegates.

NEW YORK -- For Montauk Credit Union to continue to meet the borrowing needs of its members, it may have to switch to a mutual savings bank charter, says the credit union's CEO.

According to new fraud prevention company Forter, the best way for merchants to combat electronic payments fraud is hand off the responsibility entirely.

ALEXANDRIA, Va. -- NCUA will hold three "Listening Sessions" this summer hosted by Chairman Debbie Matz.

EMV security is in the spotlight after a recent string of retailer breaches affecting magnetic-stripe card data, but many critics call EMV-chip cards "last decade's technology."

WASHINGTON -- No more Mr. Nice Guy.

Retail giant Target Corp.'s headache-inducing data breach brings to mind the 1982 Tylenol poisoning crisis—an event that drug maker Johnson & Johnson handled with such aplomb that it restored public confidence in its medicine, altered the way retailers handle product safety and established itself as the gold standard for crisis management.

Target's cybersecurity staff urged the retailer to review the security of its payments system at least two months before hackers compromised its network, according to a report in The Wall Street Journal.

Data security is becoming a higher priority in board meetings at corporations, but IT teams are feeling the stress of implementing new security technology in addition to its various other tasks, a new Trustwave study says.