News & Analysis as of

Data Protection Credit Unions

Baker Donelson

NCUA Approves New Cyber Incident Reporting Requirements: What Credit Unions Need to Know

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The National Credit Union Administration (NCUA) has approved new cyber incident reporting requirements for credit unions. Under the final rule, federally insured credit unions will be required to notify the NCUA of a...more

Orrick, Herrington & Sutcliffe LLP

NCUA approves final cyber incident reporting rule

On February 16, the NCUA approved a final rule that requires federally-insured credit unions (FICUs) to notify the agency as soon as possible (and no later than 72 hours) after a FICU “reasonably believes that a reportable...more

Husch Blackwell LLP

Are Credit Unions Covered By The CCPA?

Husch Blackwell LLP on

Those who have spent time critically thinking about the California Consumer Privacy Act (CCPA), can undoubtedly identify a number of ambiguities and uncertainties. Some of those may be resolved through the current legislative...more

Holland & Knight LLP

Payment Card Data is Not Trade Secret Information under the DTSA

Holland & Knight LLP on

In a recent case involving hackers that stole "payment card data" from Chipotle, Judge William J. Martinez in the United States District Court for the District of Colorado found on an issue of first impression that payment...more

Foley & Lardner LLP

NY Financial Services Companies’ 2017 Resolution: Cybersecurity

Foley & Lardner LLP on

The New York State Department of Financial Services (DFS) made headlines back in late September with a “first-in-the-nation” piece of legislation aimed at mandating specific cybersecurity protocols for banks, insurance...more

Robinson+Cole Data Privacy + Security Insider

Target and Visa reach $67M settlement

Visa, Inc. announced on August 18th that it has reached a settlement with Target for $67 million to reimburse Visa for costs associated with the Target data breach in late 2013, including issuing millions of new cards to...more

Moore & Van Allen PLLC

An Early Christmas Present for Consumers? Court Rules that Retailers Can Be Liable to Banks Arising from Data Breaches.

Moore & Van Allen PLLC on

Cyber-Monday sales weren’t the only good thing that happened for consumers last week. Later in the week a federal judge in Minnesota thwarted Target’s attempt to dismiss a lawsuit brought by banks and credit unions arising...more

BakerHostetler

Credit Unions Continue to Demand New Data Security Standards for Retailers and Right to Recover Losses After a Breach

BakerHostetler on

On September 3, 2014, following the news of a possible breach at Home Depot (which was confirmed on September 8), the National Association of Federal Credit Unions (NAFCU) called on Congress to enact new legislation to hold...more

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