From: BankInfoSecurity.com
Consideration of New Encryption Rule Called Unnecessary
By Tracy Kitten
In the wake of a breach during a regulatory exam, a federal banking regulator is getting a chilly reception to its plans to consider new rules related to encryption of data shared with examiners.
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In December, the National Credit Union Administration acknowledged that sensitive data had been breached during an NCUA exam, and that it was reviewing how the data was lost (see Did Regulator Cause a Data Breach?).
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