ALEXANDRIA, Va. (Oct. 24, 2016) – Smaller financial institutions, like credit unions, face a dangerous and growing threat to the safety and security of their data and sensitive information in the form of ransomware.
In the latest issue of The NCUA Report, NCUA’s Office Small Credit Union Initiatives details what ransomware is and the increasing role it plays in cyberattacks against smaller financial institutions. The article also provides resources that credit unions can use to prevent and respond to these attacks.
The October 2016 issue of The NCUA Report newsletter is available online here.
The agency’s newsletter features columns from NCUA Board Chairman Rick Metsger and Board Member J. Mark McWatters, as well as articles from several NCUA offices on the agency’s initiatives and information on supervisory, regulatory and compliance issues that are important to all federally insured credit unions.
Articles in this month’s issue include:
Published monthly, The NCUA Report is NCUA’s flagship publication. The newsletter highlights important Board activity and key issues that credit union managers, staff and volunteers need to know. If interested, you can subscribe to the online version of the newsletter here (opens new window). Previous issues of The NCUA Report are available online here (opens new window).
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