Credit Union Liability for Security Breaches and Consumer Notification

The following three whitepapers can help a credit union understand their liability for a security breach under Uniform Commercial Code 4A (UCC 4A), negligence theories, and consumer notification.  Reading these in order (SM001, 002, and 003) will provide the reader with a better understanding of the entire picture regarding credit union liability for security breaches. […]

FFIEC Releases Social Media Guidence Letter

The FFIEC has released a proposed Social Media Guidance document for public comment.  Credit unions should be aware that if this guidance is released in final form, it is likely that the NCUA will adopt this document and require compliance with the guidance. The content and our opinion of the document can be summarized as […]

Sample It’s Me 247 Risk Assessments in Response to FFIEC

 On Thursday, December 15, 2011, at 1:30 pm ET, CU*Answers will be hosting Part 2 of a webinar series intended to address guidelines of the FFIEC’s Supplement to Authentication. During this session Jim Vilker and Patrick Sickels will discuss the importance of performing a risk assessment on how your credit union uses It’s Me 247, along […]