NCUA reminds credit unions to remain vigilant during Cybersecurity Awareness Month

October 15, 2020

During National Cybersecurity Awareness Month, NCUA reminds credit union industry stakeholders to remain vigilant and take steps to protect their systems and critical infrastructure.

“In this day and age, cybersecurity is everyone’s business,” NCUA Chairman Rodney E. Hood said. “Even during COVID-19, hackers and thieves do not rest. We expect credit unions to take appropriate measures to protect themselves and their members, and we have information and resources to help them do that. I hope everyone in our industry will continue working to keep our financial system and the millions of Americans who entrust their financial well-being to us safe from cyber threats.”

Cybersecurity remains a supervisory priority for the NCUA, and the agency puts particular emphasis on:

  • Advancing consistency, transparency, and accountability within the cybersecurity examination program;
  • Encouraging due diligence for supply chain and third-party service provider management at credit unions;
  • Assisting institutions with resources to improve operational hygiene and resilience; and
  • Ensuring NCUA’s systems and collected controlled unclassified information is secure.

The agency maintains a cybersecurity resources webpage that provides credit unions with important information about protecting themselves and their members from cyber threats.