Carmine Cicalese advises credit union leaders to “get under the hood” of the seven types of risk NCUA expects credit unions to manage: credit, interest rate, liquidity, transaction, strategic, compliance, and reputation.
Among those, transaction, strategic, and reputation risk have the most to do with cybersecurity, says Cicalese, president/founder at Cyber CIC. He addressed the 2023 CUNA Cybersecurity Conference with NASCUS Wednesday in New Orleans.
He advises credit unions to educate members about the cyber-risks they face and stresses the need for cybersecurity and digital transformation expertise on the board.
Credit Union Rock Stars are outstanding credit union professionals and directors from a wide range of disciplines who inspire and innovate to advance the missions of their credit unions. The 25 members of the 11th class of Rock Stars were selected for their exceptional creativity, innovation, and passion.
