NCUA has observed a rise in cyberattacks against credit unions, including credit union service organizations (CUSOs), and others. These include an incident directly related to a critical vulnerability in the MOVEit Transfer web application, as well as other attacks unrelated to MOVEit.
The Cybersecurity and Infrastructure Security Agency issued Progress Software Releases Security Advisory for MOVEit Transfer, a Cybersecurity Alert addressing a critical vulnerability that affects the MOVEit Transfer web application. This vulnerability is known as CVE-2023-34362.
NCUA released its report to Congressional committees on cybersecurity and credit union system resilience, which provides an explanation of the measures taken to strengthen cybersecurity within the federally insured credit union system and NCUA.
Credit Union Magazine’s Fall 2023 issue examines how artificial intelligence is shaping marketing, strategies to improve cyber hygiene and overall cybersecurity, the need to employ risk management to address inflation and its impacts, new approaches to board recruiting, and NCUA’s top supervisory priorities.