Cyber security for Credit Unions 101

American consumers have two clear yet vastly differing choices when it comes to banking. Many opt for a large-sized national or regional bank. Folks select this option for a variety of reasons, typically due to the vast services and ease of use these powerhouses provide. Roughly 60% of Americans...

Act Now to Prepare for New NCUA Cyber Incident Reporting Requirements

We recently discussed the new SEC rule requiring all registered companies to report material cyber incidents within four 4 days. Now the National Credit Union Administration NCUA1 has updated their Cyber Incident Notification Rule, requiring all federally insured Credit Unions to notify the NCUA ...

CSET Version 9.2 Now Available

The Cybersecurity and Infrastructure Security Agency CISA has released version 9.2 of its Cyber Security Evaluation Tool CSET. CSET is a desktop software tool that guides asset owners and operators through a consistent process for evaluating control system networks as part of a comprehensive...

Phishers Target Anti-Money Laundering Officers at U.S. Credit Unions

A highly targeted, malware-laced phishing campaign landed in the inboxes of multiple credit unions last week. The missives are raising eyebrows because they were sent only to specific anti-money laundering contacts at credit unions, and many credit union sources say they suspect the non-public da...

NAFCU Dismisses Data Encryption Rule Idea

Even after suffering a data breach, the organization in charge of overseeing the needs of credit unions has cast off the idea of implementing a rule mandating the use of encryption for data transfers. Despite the breach, the National Association of Federal Credit Unions, or NAFCU, is insisting th...

MicroSolved Explains Credit Union Pen Test

Officials at MicroSolved, the security services company that was involved in the penetration test that set off concerns about malware-infected CDs being sent to credit unions, have posted a detailed explanation of the technique and how it turned into a national news story. In short, the technique...

Malware-Infected CD Mailing was Part of Pen Test

The malware-infected CDs that were mailed to some credit unions may have been part of a penetration test designed to gauge whether an employee would run the software. The SANS Internet Storm Center says it was notified by a representative from Microsolved that the mailing was part of an authorize...