The U.S. Department of Treasury, NASCUS and CUNA are working together to provide credit unions with greater than $250 million in assets an opportunity to practice cybersecurity response at the Cybersecurity Response Exercise for credit unions greater than $250 million in assets webinar. This event happening on August 28 from 11 a.m. to 3 p.m. (ET), is designed to advance your credit union response to cyber threats and examiners’ supervisory approach.

Credit union professionals in charge of cybersecurity strategy will practice applying current policies and procedures to a plausible, fictional cyber-attack. Examiners will also work through the same exercise to determine how they would identify systemic disruption as well as how they would adjust the supervisory approach to minimize harm. After the exercise, credit unions will receive a confidential After Action Report (AAR) identifying areas of improvement.

“No one wants to find weaknesses in their credit union’s cyber defenses during an actual cyberattack,” says Melisa Kallestad, director of compliance education at CUNA. “This tabletop exercise provides critical insight as to how your current processes and procedures would stand up to a plausible, real-world attack with the added benefit of working in parallel with knowledgeable examiners to understand how they would respond to the same incident.”

Attendees will get the opportunity to:

• Test current policies and procedures by applying them to a simulated cyberattack
• Assess their organization’s cybersecurity preparedness
• Identify areas for improvement
• Get guidance from examiners on how they’ll respond to systemic disruption

Registration for this webinar ends on August 27 and space is limited, so register today. The event for credit union with less than $250 million in assets was held on June 30 and 54 credit unions attended.