WASHINGTON—The U.S. Department of Treasury, NASCUS and CUNA said they have joined together to provide credit unions with greater than $250 million in assets an opportunity to practice cybersecurity response during an upcoming webinar.
The Cybersecurity Response Exercise for credit unions greater than $250 million in assets webinar takes place Aug. 28 from 11 a.m. to 3 p.m. ET, and is designed to advance a credit union’s response to cyber threats and examiners’ supervisory approach, CUNA said.
According to organizers, credit union professionals in charge of cybersecurity strategy will practice applying current policies and procedures to a plausible, fictional cyber-attack. Examiners will also work through the same exercise to determine how they would identify systemic disruption as well as how they would adjust the supervisory approach to minimize harm. After the exercise, credit unions will receive a confidential After Action Report (AAR) identifying areas of improvement, CUNA said.
“No one wants to find weaknesses in their credit union’s cyber defenses during an actual cyberattack,” says Melisa Kallestad, director of compliance education at CUNA, in a statement. “This tabletop exercise provides critical insight as to how your current processes and procedures would stand up to a plausible, real-world attack with the added benefit of working in parallel with knowledgeable examiners to understand how they would respond to the same incident.”
Other Opportunities
According to organizers, attendees will get the opportunity to:
- Test current policies and procedures by applying them to a simulated cyberattack
- Assess their organization’s cybersecurity preparedness
- Identify areas for improvement
- Get guidance from examiners on how they’ll respond to systemic disruption
Registration for the webinar ends Aug. 27. Click here to register. The same event for credit unions with less than $250 million in assets was held on June 30, and 54 credit unions attended, CUNA noted.