Email Newsletters (E-Access)

Help Keep Your Data Safe

In 2014, there were over 750 data security breaches and over 85 million data records exposed throughout the United States.

When we discover a data breach at retailers like Target or Home Depot, we take action immediately by contacting our members and reissuing new credit and debit cards for those members who were affected by a data breach. This is a very expensive process and it causes disruption with our membership.

If you're like most people, you probably assume that merchants are responsible since their security failures caused the theft of your data. Unfortunately, that's not how it works. Credit unions, like Vermont Federal, bear the brunt of these costs after a merchant data breach, even though we (and members like you) had nothing to do with it.
 
Right now, merchants can shift most of the costs of their data breaches to others. So there is very little incentive for them to spend the time and money to increase their data security. That's wrong for consumers and it's bad for our economy and consumer confidence when using credit and debit cards.
 
That's why Vermont Federal and other credit unions across the country are working together to improve protections for consumers who are victims of merchant data breaches.
 
We're calling on Congress to step up and protect credit union members like you:
 
  1. By holding merchants accountable for their data breaches.
  2. By requiring merchants to reimburse credit unions for the costs they incur for data breaches.
  3. By allowing credit unions to tell their members the name of a merchant causing the data breach.
I hope you'll consider lending your voice to this important effort. Please Click Here to send e-mail to your U.S. Representative and U.S. Senators. Tell them you want them to take action to protect consumers like you.
 
For more information visit StoptheDataBreaches.com.

Past e-Newsletters

March
February
January  

If you are a member and would like to receive our monthly email newsletter with helpful banking information, community involvement and product updates, contact our Call Center at (888) 252-0202 Option 3.

 

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