Newsroom
President Biden calls on private sector to harden cyber defenses immediately
President Joe Biden Monday released a statement on domestic cybersecurity to elevate his previous warning about the potential for Russia to conduct cyberattacks on the U.S. The statement explained that the enhanced warning comes based on evolving intelligence that the Russian government is exploring options related to cyberattacks. In addition, the Administration issued a new fact sheet that includes actionable steps to harden cybersecurity.
"My Administration will continue to use every tool to deter, disrupt, and if necessary, respond to cyberattacks against critical infrastructure," wrote Biden. "But the Federal Government can’t defend against this threat alone. Most of America’s critical infrastructure is owned and operated by the private sector and critical infrastructure owners and operators must accelerate efforts to lock their digital doors."
To help reduce cybersecurity risk across the United States, the Cybersecurity and Infrastructure Security Agency (CISA) compiled a list of free cybersecurity tools and services to help organizations better their security capabilities.
Of note, CISA recently released an insights post, “Preparing for and Mitigating Foreign Influence Operations Targeting Critical Infrastructure,” providing necessary steps for organizations to assess and mitigate risks from information manipulation from malicious actors.
In addition, the NCUA along with the U.S. Department of Homeland Security issued a response to the current events, encouraging credit unions of all sizes and their cybersecurity teams to “adopt a heightened state of awareness and to conduct proactive threat hunting.” The NCUA also highlighted its Automated Cybersecurity Evaluation Toolbox (ACET) which may help credit unions to sell-assess their cybersecurity preparedness.
NAFCU recommends credit unions take look into all cybersecurity tools and services and will continue to work with the Administration, NCUA, CISA, and other agencies to ensure credit unions remain protected and up-to-date on cybersecurity developments.
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
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically. [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters. [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public
The Evolving Role of the CISO in Credit Unions
preferred partner
DefenseStorm
Podcast
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.