news.cuna.org/articles/122619-listen-the-changing-nature-of-risk
2023_06_Carmine-Cicalese
Carmine Cicalese, president/founder, Cyber CIC

Listen: The changing nature of risk

‘Get under the hood’ of the seven types of risk.

Bill Merrick
June 7, 2023

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.

Listen now: