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Compliance

Compliance Compass: examiners to look at cybersecurity

 

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Paul Guttormsson,
League  Regulatory Counsel

Federal regulators, including the NCUA, will begin a cybersecurity pilot program this summer, in which examiners will assess the cybersecurity vulnerabilities and risk mitigation efforts at 500 community financial institutions.

 

About half of the selected institutions will be credit unions, and it is likely that some credit unions in Wisconsin will be involved.

 

The League's Compliance Courier (login required) has details, including links to several resources that can help your credit union address cybersecurity effectively.

 

Questions? Contact me at (262) 408-6009.


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