The NCUA will build an extensive cybersecurity assessment into its examinations by late 2017, Tim Segerson, the agency's deputy director of the Office of Examination and Insurance told the NCUA board Thursday.
The assessment will be based on a tool developed by the interagency Federal Financial Institutions Examination Council—a process that already exists and which credit unions can use on a voluntary basis.
"The long-term goal is to perform periodic reviews using a structured cybersecurity assessment tool in all credit unions," Segerson said.
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