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cybersecurity, NCUA, NAFCU, alicia nealon, debbie matz NCUA Chairman Debbie Matz noted in the Feb. 20, 2015 CU Times article, “NCUA Ramps Up Vendor Oversight,” that NCUA third-party vendor examination authority was necessary now more than ever due to cyberthreats.

While cybersecurity is an extremely important issue, NAFCU does not believe that cybersecurity and third-party vendor authority go hand in hand. As we have consistently maintained, NAFCU believes the agency’s bid for third-party vendor examination authority is unnecessary given that the NCUA is already authorized to thoroughly regulate credit unions and their third-party relationships.

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