ICBA is scheduled to testify at today’s House Financial Services Subcommittee on Consumer Protection and Financial Institutions hearing on cyber and data security.
ICBA testifying today on cyber, data security
November 03, 2021 / By ICBA
ICBA is scheduled to testify at today’s House Financial Services Subcommittee on Consumer Protection and Financial Institutions hearing on cyber and data security.
ICBA is scheduled to testify at today’s House Financial Services Subcommittee on Consumer Protection and Financial Institutions hearing on cyber and data security.
Hearing: Jeff Newgard, president and CEO of Bank of Idaho in Idaho Falls, will call on Congress to:
Extend Gramm-Leach-Bliley Act data security standards to all participants in the payments system.
Ensure regulation of core processors, fintech companies, and other third-party providers.
Subject credit reporting agencies to appropriate oversight.
Institute a national data security breach and notification standard.
Require the costs of data breaches to be borne by the party that incurs the breach.
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