PROVIDENCE. R.I. (12/22/14)--Rhode Island credit unions last week participated in a cybersecurity exercise hosted by the Rhode Island Emergency Management Agency along with the Banking Division of the Department of Business Regulation (DBR).
"Operation Firewall" was a tabletop exercise designed to address relevant cybersecurity planning in the public and private sector (Daily CU Scan Dec. 19).
The exercise was the first of its kind in the state.
Cybersecurity preparedness is a top priority for DBR, which also developed and sponsors a working group on the issue. It also created a network to distribute alerts, guidelines and practical tips.
Operation Firewall consisted of a review and in-depth discussion of four real-life scenarios: financial institution phishing and malware; domain name system server and denial of service; item processing failure; and corporate account takeover.
Other topics covered included intelligence and information sharing, operational coordination, operational communications and public information and warning.
The program provided a baseline check on communication levels within credit unions as institutions that operate between the private and public sector in Rhode Island.
The Credit Union Association of Rhode Island will continue to coordinate and serve as a clearinghouse with DBR's cybersecurity working group and other local resources, such as the Rhode Island State Police, to provide additional opportunities for information sharing, training and immediate assistance to credit unions for cybersecurity preparedness.