Newsroom
NAFCU's LaBerge details NCUA's view on managing teleworking risk
Following NAFCU's discussion with the NCUA's Johnny E. Davis on cybersecurity and privacy risks during the coronavirus pandemic, NAFCU Senior Regulatory Counsel Elizabeth LaBerge provided insights into the group's discussion in a new post on the member-only Compliance, Risk & BSA Network.
Davis currently serves as the agency's division director for critical infrastructure and special advisor to the chairman for cybersecurity.
The group discussed a number of issues related to the increase in emergency teleworking measures credit unions have implemented, including:
- struggles credit unions were experiencing in establishing emergency telework procedures;
- heightened cyber threat risk as reported by the FBI and others; and
- the agency’s cybersecurity examination approach considering these unique circumstances.
In the post, LaBerge detailed NCUA’s perspective and shared helpful resources for credit unions to use as they implement telework policies.
NAFCU continues to urge lawmakers to consider a national data security standard for institutions that collect and store consumer information and has a number of resources available to ensure credit unions can effectively identify and address cybersecurity concerns.
The association also developed a detailed white paper outlining six principles to support its advocacy efforts on the issue.
NAFCU members are encouraged to access LaBerge's full blog post on the member-only Compliance, Risk & BSA Network. The association will continue to work with regulatory agencies, including the NCUA, to share credit union concerns during the coronavirus pandemic.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
AI in Action: Redefining Disaster Preparedness and Financial Security
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public
2024 Mid-Year Fraud Review
Strategy & Growth, Consumer Lending
preferred partner
Allied Solutions
Podcast
Get daily updates.
Subscribe to NAFCU today.