ALEXANDRIA, Va.–NCUA Chairman Todd Harper is urging credit unions to remain vigilant over cybersecurity as a result of Russia’s invasion of Ukraine.
Russia is a well-known state sponsor of cyberattacks on governments, companies, agencies and other institutions, and there have been fears that it will step up its efforts as part of its attack on Ukraine and in response to support of that country by western governments.
Harper, who said NCUA and credit unions stand in support of and in solidarity with Ukraine, stated in remarks prior to addressing the formal agenda of its board meeting, “The war in Ukraine has far-reaching implications beyond its borders.”
That includes, Harper said, the threat of “imminent attacks" against the financial sector.
“I cannot stress this enough--all credit unions and vendors regardless of size are potential targets of cyberattacks and credit unions must remain vigilant,” said Harper, reminding that credit unions must report any attacks to not just the agency but other federal authorities, as well.
ACET is an Asset
Harper further strongly encouraged credit unions to take advantage of NCUA’s Automated Cybersecurity Examination Tool (ACET).
“ACET is an excellent resource, especially for small credit unions, to help them understand their cybersecurity preparedness levels,” Harper said.
More information an be found at www.ncua.gov/cybersecurity.