CUNA: Obama Penning Cyber Security Executive Order
The Obama Administration is developing an Executive Order that would give the Department of Homeland Security a greater role in coordinating issues related to cyber security, CUNA Deputy General Counsel Mary Dunn said Monday during a press call. That announcement comes after three large credit unions were the victims of distributed denial of service attacks in late January.
The order, which was first circulated among regulators last fall, isn’t expected to specifically address credit unions or financial institutions, Dunn said. In fact, she said, thanks to Y2K, the financial services industry is ahead of other sectors in their ability to head off cyber risks.