August 07, 2019

How are CUs addressing cyber risks?

SurveyAs cybersecurity risks continue to rise, NAFCU is seeking insight to how credit unions address these threats. Association-member credit unions can provide their feedback through this month's Economic & CU Monitor survey; responses are due Friday.

The survey includes questions on the NCUA's exam approach to cybersecurity, and how credit unions benchmark cybersecurity capabilities and gaps. The survey also includes questions related to the industry's outlook on growth.

Earlier this week, the NCUA warned credit unions of the rise in business email compromise fraud schemes through a risk alert. The association has a number of cybersecurity compliance resources available online, including a webinar available on-demand detailing how to identify cybersecurity risks and vulnerabilities.

Responses to the Monitor can be recorded via online survey or PDF file, and questions may be sent to

NAFCU relies on survey responses to provide its members with a glimpse into the trends affecting the credit union industry as a whole. The association also uses survey responses to inform its advocacy efforts on Capitol Hill and with regulatory agencies such as the NCUA, CFPB and Federal Reserve.