Noting a “concerning rise” in cyberattacks against credit unions, credit union service organizations (CUSOs) and other third-party vendors, the federal credit union regulator on Thursday urged credit unions and associated entities to take immediate steps […]
Capital and liquidity, cybersecurity, consumer financial protection, and inclusion will be the priorities for the federal credit union regulator in the years ahead, the chairman of the agency’s board said Tuesday. Speaking to a conference […]
A recent cybersecurity audit for the federal credit union regulatory agency concludes that the agency needs to enhance its account recertification process for privileged users and to strengthen its Security Information and Event Management (SIEM) […]
Protecting the U.S. financial system from cyber attacks, especially in the face of war in Ukraine, was the subject of a meeting Thursday of federal financial institution regulators and organizations representing state regulators, the Treasury […]
Briefings on cybersecurity and the federal credit union (FCU) loan-rate ceiling bookend the one action item slated for Thursday’s open meeting of the federal credit union regulator’s board: a request for information and comment on […]
Credit unions are facing increasing risks from rising interest rates, shallow liquidity, and threats to cybersecurity, the board chairman of their federal regulator said Monday as he outlined agency responses to assist the financial institutions […]
Preparing for crises in the banking sector, mitigating cybersecurity risks at banks and third parties, and supervising risks posed by digital assets are the top three challenges for the federal bank deposit insurance agency in […]
Third-party relationships are one way for community banks to bring new technologies online, but in doing so the banks must hold a thorough understanding of the associated risks, a member of the Federal Reserve Board […]
Non- or partial compliance with Wi-Fi security controls were found in five areas at the federal bank deposit insurance agency, according to a report released Wednesday by the agency’s inspector general. To address those shortcomings […]
Collaboration between regulators and banks to streamline the cybersecurity incident report and threat information-sharing process – as mandated by a rule adopted earlier this year – was the ask to financial industry representatives from the […]
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