WASHINGTON, D.C. — U.S. Sen. Cynthia Lummis, R-Wyoming, has introduced a bipartisan Improving Cybersecurity of Credit Unions Act with Senators Jon Ossoff, D-Georgia, and Mark Warner, D-Virginia, which would protect credit union members from cybersecurity threats.
“Many people in Wyoming choose to keep their money or get a loan at their local credit union. Unfortunately, their sensitive information is all too often targeted by cyber hackers,” Lummis said in a release.
“I’m proud to join my colleagues, Senators Ossoff and Warner, in introducing the Improving Cybersecurity of Credit Unions Act to help safeguard data at credit unions,” she added.
The Improving Cybersecurity of Credit Unions Act will assist credit unions in developing more advanced cyberinfrastructure by empowering the National Credit Union Administration to assess cybersecurity risks posed by service providers.
Along with improving protection, the bill restores previous NCUA authority to examine credit union service providers, similar to the provisions in the Bank Service Company Act.