Cybersecurity is top concern of entire financial services industry

Credit unions and the financial services industry at large are dedicated to protecting customer information along with working to ensure that systems used to provide financial services to Americans are robust, secure and resilient, CUNA wrote to the House Financial Services Committee this week.

“CUNA members continue to highlight cybersecurity as a top concern as protecting systems from outside threats becomes ever more complicated. Credit unions of all sizes invest significant resources to protect critical systems from attack,” the letter reads. “The NCUA and the Federal Financial Institutions Examination Council (FFIEC) have been good partners in assessing cyber risks and providing resources for credit unions.”

The letter adds that these efforts, along with several industry-led initiatives to share information and bolster resilience for all types of financial organizations, demonstrate that the financial services industry along with financial regulators expend great efforts to ensure that the system remains robust.

 

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