Protecting against cybersecurity with a lock on programs. Credit/Shutterstock

On Wednesday, the NCUA released its annual cybersecurity report to lawmakers explaining how the agency and the credit union industry has strengthened cybersecurity efforts. Overall, the report found glimpses of positive progress in the fight against cyber-related crimes, but expressed the need to have more authority over third-party vendors to help decrease risks to the credit union system.

The 27-page “Report to the Committee on Financial Services of the House of Representatives and to the Committee on Banking, Housing, and Urban Affairs of the Senate on Cybersecurity and Credit Union System Resilience” outlined three areas of cybersecurity focus for the NCUA. Those areas included:

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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