GAO: Data Breach Policies Challenge Even Government Agencies

Merchants and financial institutions aren’t the only ones with data breach headaches. A recent U.S. Government Accountability Office study reviewed eight federal agencies and found that while they “generally” developed data security breach policies and procedures, they inconsistently implemented them.

Reduce Uninsured Losses by Differentiating ‘Pure Risk’ from ‘Uninsurable Risk’

It can be difficult understanding which types of loss your credit union’s fidelity bond does and does not cover. A legal and risk-management concept that can help clarify this is “pure risk” versus “uninsurable risk.”