NCUA Warns CU Cybersecurity Risk is at Highest Levels

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Russia's conflict in Ukraine continues to raise concerns about the potential for cyberattacks against the financial services sector in the United States, including credit unions.

Banking regulators — from the U.S. Treasury Department secretary to the National Credit Union Administration (NCUA) — are flagging these warnings at the highest levels.

Therefore, the NCUA reminds the industry that:

  • Credit unions should be aware of cyber risks, immediately reporting any cyber incidents to the NCUA, the Federal Bureau of Investigation (FBI), and the Cybersecurity and Infrastructure Agency (CISA).
  • Credit unions are highly encouraged to download and use the NCUA’s Automated Cybersecurity Evaluation Tool (ACET), a free resource found on the agency’s ACET and Other Assessment Tools webpage. Additional cyber-related information is available on the NCUA’s cybersecurity resources webpage.

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