Making Intelligence Actionable: Cybersecurity Preparedness in the Credit Union Industry

As the threat landscape continues to evolve, organizations need to be increasingly proactive in their approach to cybersecurity.

One industry that’s taken proactive measures toward cybersecurity preparedness is the credit union industry. Over the last couple of years, the National Credit Union Administration (NCUA) developed a tool called the Automated Cybersecurity Examination Tool (ACET) to help credit unions assess their cybersecurity readiness. The maturity assessment part of the tool helps credit unions determine their cybersecurity preparedness in the context of five domains:

  1. Cyber risk management and oversight
  2. Threat intelligence and collaboration
  3. Cybersecurity controls
  4. External dependency management
  5. Cyber incident management and resilience

The goal of collecting this data across credit unions is to establish a benchmark for the industry and identify areas for improvement.

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Source: Recorded Future