The NCUA has issued a regulatory alert instructing federally insured credit unions to ensure they have security measures in place in the wake of several recent online breaches.

The alert advises FICUs to have "robust enterprise risk management practices in place," including assessment, mitigation and controls, measuring and monitoring.

"Lack of proper monitoring and control systems allows attackers to gain entry into a target environment through phishing, spear-phishing, drive-by malware injection and other malicious techniques," the agency said. "Successful attacks often compromise sensitive member information which may lead to fraud."

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.