Cyber security for Credit Unions 101

The document advocates for credit unions to elevate cybersecurity as a core priority, citing recent sector-wide incidents (a December 2023 ransomware campaign causing outages at about 60 credit unions and a major data exposure exceeding 3 million records) to underscore the risk to member trust and operations. It recommends embracing NCUA CORE/CORE+ requirements, fostering a continuous security culture with ongoing training, assessments, tabletop exercises, and penetration tests, and improving executive and board reporting on incident response readiness and industry developments.