NCUA sends letter urging credit unions to prioritize cybersecurity

by America's Credit Unions

Cybersecurity is an NCUA concern, and the agency stressed both issues and steps to take in a recent letter to credit unions in advance of a planned cybersecurity briefing during its Oct. 24 board meeting.

NCUA’s letter, directed to credit union boards of directors and CEOs, emphasizes the risk of cybersecurity threats and areas of focus for credit unions to manage cyber risk.

NCUA Board Chairman Todd Harper  shared that since the NCUA cyber incident notification rule took effect last September, through August 31, there were 1,072 cyber incidents involving credit unions.

 

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