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What Credit Unions Should Know About Data Security

What Credit Unions Should Know About Data Security

With the frequency of widespread data breaches increasing at an alarming rate, data security has become a huge concern for credit unions. Inevitably, the conversation surrounding this topic has become commonplace yet critical. As the digital payment landscape continues to evolve, both consumers, businesses and legislators are engaging in complex dialogues surrounding best practices for data security. In this dynamic and uncertain environment, credit unions need to be more diligent – especially when it comes to ensuring that their members’ data is secure.

Almost every day it seems there is new information or speculation to add to the conversation. When dealing with members’ data – especially during the collections process – there are many important factors to consider. At the core of this issue lies the prioritization of ensuring that members’ personal information is managed confidentially throughout the collections process and beyond.

When discussing data security, how and where does a credit union begin to navigate this complex and ever-changing topic? They consult an industry leader like ConServe. Our accounts receivable management services for credit unions deliver best-in-class recovery solutions while providing the peace of mind that comes in knowing that data security, compliance, and ethics are at the core of everything we do.

We’ve identified 3 key elements of data security that credit unions need to know. To learn more, download our FREE Ebook: “3 Key Components of Credit Union Data Security.”

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This website contains articles and third-party links posted for informational and educational value. ConServe is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, ConServe. The information in these materials should not be considered legal advice, and is not intended to be a full and exhaustive explanation of the law in any area. This information should not be used to replace the advice of your own legal counsel.

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