The Federal Financial Institutions Examination Council (FFIEC) released two statements about ways financial institutions can identify and mitigate cyberattacks that compromise user credentials or employ malware.
The FFIEC consists of the Federal Reserve Board, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corp. (FDIC), Office of the Comptroller of the Currency (OCC), NCUA, and the State Liaison Committee.
The guidance suggests credit unions take the following steps to prepare for and respond to cyberthreats:
The FFIEC also highlighted a number of websites that provide useful information regarding safe online practices, including the Federal Trade Commission’s onguardonline.gov, the National Cyber Security Alliance’s staysafeonline.org, and resources from the U.S. Computer Emergency Readiness Team at us-cert.gov.
Find the FFIEC’s “Statement on Destructive Malware” and “Statement on Compromising Credentials” on ffiec.gov.