NCUA's New Cyber Incident Reporting Requirements

Compliance Information Technology Operations Security & Fraud Senior Management Sales & Specials

On-Demand Webinar:

StreamedApr 26, 2023Duration90 minutes

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Take-away toolkit
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The increased frequency and severity of cyber attacks pose an ever-evolving threat.

Technology and remote services are essential to maintaining member service, but such usage is also fueling the increased attacks by a variety of bad actors. NCUA has taken action by finalizing a new reporting requirement. Is your credit union prepared to comply?

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Define a reportable cyber incident
Relate examples of reportable cyber incidents
Anticipate the incident reporting process
Understand the impact of third-party compromises
Coordinate with state data breach laws
Appreciate NCUA policy expectations

WEBINAR DETAILS

To meet evolving cyber risks, the NCUA has finalized a new rule regarding the reporting of significant cyber incidents. Credit unions are now required to report a cyber incident that disrupts their business operations, vital member services, or member information system within 72 hours. How do you know that an incident meets the requirements? What are the steps in the reporting process? How does the new requirement coordinate with existing obligations as well as new obligations posed by the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA)? Join credit union attorney David Reed as he cuts through the technical jargon and regulatory speak to provide you with clear guidance and useful resources related to your new cybersecurity obligations.

WHO SHOULD ATTEND?

This informative session is designed for senior executives, directors, IT staff, compliance personnel, audit staff, and anyone involved with the cybersecurity process.

TAKE-AWAY TOOLKIT

Cybersecurity incident reporting checklist
Examination guidance
Cybersecurity glossary
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.