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How will the New Cyber Incident Notification Rule Affect your FI? 4 Steps to Update Your Institution’s Incident Response Plan
Risk Management

How will the New Cyber Incident Notification Rule Affect your FI? 4 Steps to Update Your Institution’s Incident Response Plan

Federal regulators have been encouraging financial institutions to share information about known cyber incidents for years. Now banks and their third-party service providers have until May 1, 2022, to comply with the new rule requiring prompt regulator notification in the event of a cyber incident. How to Respond When a

Top Cybersecurity Pain Points Facing Credit Unions and How to Address Them

Top Cybersecurity Pain Points Facing Credit Unions and How to Address Them

According to Federal Reserve Chairman Jerome Powell, cyberattacks are one of the greatest risks to our global financial system [https://news.cuna.org/articles/119340-prepare-for-the-next-cyberattack-3-steps] . These risks have only increased as online financial transactions rise. For credit union cybersecurity, this means the effort required to protect member data is increasing