National Credit Union Association says it’s considering new encryption rule for examiners. Experts say that instead of enacting new regulations, the agency should review its own policies for data security. The National Credit Unions Association says credit unions already have strong standards for cybersecurity. A former NCUA chairman says consideration of a new encryption regulation is premature. The NCUA should focus on establishing a working group to review the agency’s security practices during examinations, he says. The National Association of Federal Credit Union says credit union members voluntarily implement many of NCUA’s suggested best practices.”]
Source: https://www.cuinfosecurity.com/regulator-criticized-for-breach-response-a-7775