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NCUA institutes encryption protocols for data provided to examiners

NCUA institutes encryption protocols for data provided to examiners

NCUA has instituted data encryption protocols as suggested by its Office of Inspector General this June following review of an examiner’s loss of a thumb drive containing credit union members’ data. The protocols were communicated Aug. 21 in a letter from NCUA Examination and Insurance Director Larry Fazio to the chief executives of federally insured credit unions. The letter says the agency’s examiners now will accept data files from credit unions only if the files are encrypted first by the…

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