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Missouri’s Credit Unions Feel Impact from Home Depot Data Breach


The Home Depot data security breach hit credit unions hard, including credit unions in Missouri. The total cost to Missouri credit unions is estimated at $759,408, with a nationwide cost of nearly $60 million. These incurred costs include reissuing debit and credit cards, dealing with fraud and covering other costs once the breach was disclosed in September. 

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McCaskill Leads Questioning on Data Breach, Credit Union Costs During Hearing


Missouri U.S. Senator Claire McCaskill (D) helped draw attention to who pays the price when data breaches take place – and public confusion about the issue. 

“I don’t think people understand… a lot of the costs associated with this breach – in fact, the majority of them – fall to credit unions and local banks instead of Target,” says McCaskill. 

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Missouri Feedback on Data Breach Surveys


Credit unions in Missouri are sharing the impact of data breaches in the Show-Me State by participating in the Target and Schnucks surveys.  But more feedback is needed from Missouri's credit unions.

So far, 34 credit unions in Missouri have completed the Credit Union National Association (CUNA) Target survey. As of January 17, there were 936 responses from credit unions nationwide. Take the survey here.

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