Chick-fil-A breached, ‘devastating’ cost likely to mount for credit unions

first_imgThe Atlanta-based fast-food chain Chick-fil-A announced last week it is investigating a possible data breach of its payment systems, a revelation drawing the attention of the Credit Union National Association.“It’s devastating to credit unions and their members that merchant data breaches are becoming commonplace,” said Jim Nussle, CUNA president/CEO. “Chick-fil-A is another example of how data breaches will continue to be prevalent at retailers until they are held to the same data security standards as credit unions and other financial institutions.”CUNA continues to press members of Congress to craft legislation that would require merchants such as Chick-fil-A to meet the same security standards as those imposed upon financial institutions.When data breaches occur, financial institutions are left paying the bill when fraudulent activity takes place, rather than the merchants where the breaches occur. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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