President Donald Trump signed an executive order Thursday calling for reviews of the federal government’s cybersecurity vulnerabilities, directing adoption of specific security practices and directing agencies to provide a risk management report within 90 days.
An updated cybersecurity framework should not create additional requirements, nor should it apply a one-size-fits-all approach for credit unions to demonstrate readiness, CUNA and the ICBA wrote Monday in response to a proposed update of cybersecurity framework.
The White House issued a Presidential Policy Directive this week designed to clarify roles and responsibilities while improving coordination before and during a cyber incident. CUNA discussed the directive Wednesday at the U.S. Treasury.
NCUA has released its new call report form and accompanying instructions, which become effective Sept. 30. For credit unions engaged in commercial lending, most notable are the updates reflecting the January 2017 changes to the member business lending rule.