Cyber security, particularly when it comes to keeping a person's personal financial data secure, is a hot-button topic these days. There are companies out there developing new technologies that will help protect people from hackers and being vulnerable when using credit cards online or in person.

However, there are those who feel that these improvements, as well as regulations from the federal government, are not going far enough. National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger is set to testify this week before the House Small Business Committee.

Berger will talk specifically about cyber and data security in the new digital world. He will reportedly tell lawmakers that ensuring member safety online and emphasizing data safekeeping when payments are made at every point are the top challenges facing the credit union industry in the United States.

"The ramifications of recent data breaches for credit unions and their members have been monumental," Berger said in his written testimony. "Unfortunately, credit unions often never see any reimbursement for their costs associated with the majority of data breaches. Even when there are recoupment opportunities, such as the recent Target settlement with MasterCard, it is usually only pennies on the dollar in terms of the real costs and losses incurred."

Berger's hearing before the House subcommittee is scheduled for the early afternoon of Wednesday, April 22, and is being called "Small Business, Big Threat: Protecting Small Businesses from Cyber Attacks."

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