Cybersecurity: What’s your level of preparedness?
Here’s where many credit unions fall short, according a new NCUA tool.
NCUA is using a new tool to gauge credit unions’ level of cybersecurity preparedness: The Automated Cybersecurity Examination Tool (ACET).
Developed in 2017, ACET consists of an inherent risk profile and a cybersecurity maturity level, explains Wayne Trout, regional information systems officer for the agency. In 2018, NCUA will examine the 268 credit unions with more than $1 billion in assets using ACET.
Trout, who addressed the CUNA Technology Council’s 5th Annual Security Summit in San Francisco, identified several of credit unions’ “least achieved baseline statements” from the cybersecurity assessments:
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