Wednesday, April 15, 2020

NCUA Risk Alert Addresses Cybersecurity Best Practices for Remote Work

The National Credit Union Administration (NCUA) issued a Risk Alert on cybersecurity best practices for credit unions leveraging employees working remotely or with their own personal networks and devices.

The Risk Alert discusses how credit unions can prepare employees to prevent security events. NCUA expects credit union management to proactively communicate with employees that remote work is being done securely. For example, policies and procedures should ensure that family members or others do not use devices designated for work, should keep devices physically secure, should establish strong, unique passwords for all log-ins and devices on their home network, etcetera.

In addition, credit unions need to develop policies and procedures for responding to security incidents. This would include immediate actions employees should take when they suspect a cyberattack and how the credit union would respond to a security incident.

The Risk Alert provides links to various cybersecurity resources.

Read the Risk Alert.

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