WASHINGTON—CUNA and state leagues are moving quickly to let state attorneys general across the country know that chip-and-PIN technology won’t eliminate cybersecurity threats, and that the payments network won’t be secure until all stakeholders comply with the same strict set of standards.
CUNA said that it and a coalition of state leagues have coordinated a targeted response to an effort by the retail industry to organize a letter from state attorneys general that would support that chip-and-PIN technology is the answer to cybersecurity problems.
CUNA sent a letter to the attorneys general urging them to refrain from signing the letter, and to withhold support for the retailers’ claims. The retailers gave the attorneys until Wednesday to sign the letter, CUNA stated.
The leagues stepped up engagement with their respective attorneys general by scheduling meetings and writing letters ahead of the deadline imposed by the retailers. Twenty-eight leagues representing 39 states and Washington, D.C., have coordinated efforts to get in touch with their state attorneys general, CUNA said.