NAFCU Deems Data Encryption Rule Unnecessary

Nicholas Ballasy reports:

The NCUA should look internally for ways to better protect credit union members’ data, rather than impose a new rule, according to NAFCU Director of Regulatory Affairs Alicia Nealon.

Nealon’s statement was made in response to NCUA Board Chairman Debbie Matz floating the possibility of a proposed data encryption rule after an agency examiner lost a thumb drive with personal credit union member information.

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