FINAL ANALYSIS: NCUA’s Final Rule & Guidance on Response Programs for Unauthorized Access to Member Information

CUNA
May 11, 2005

NCUA has issued a final rule and guidance to address the increasing number of breaches of member information that have resulted in the rapid escalation of identity theft over the past several years. The rule requires that the credit union’s already existing security program must now address how the credit union will respond to incidents of unauthorized access to or use of member information that could result in substantial harm or serious inconvenience to a member. Attached is CUNA's analysis, which provides additional information.