For nearly two decades, the NCUA has been asking for oversight of third-party vendors, and for nearly two decades, that request has been denied by Congress.
However, if Congress chose to take the advice of the U.S. Government Accountability Office, lawmakers would be one step closer to completing the recommendations provided by the Governmental Accountability Office in a new cybersecurity report released on July 2.
The report focused specifically on how to prevent cybersecurity hacks and referenced the Target breach that cost banks and credit unions more than $200 million.
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