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Better Protect Your Credit Union and Recover from Cybersecurity Breaches in Accordance with NCUA Guidance

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Why is incident response management

• Recent influx of data breaches that target any size organization makes incident response management top priority

• Once an attack has occurred, it is too late to map out your response plan

• National Credit Union Administration (NCUA) Guide and Letter dated January 2015 (15-CU-01)

important to your credit union?

January 2015 NCUA Guide and Letter

• Letter states, “Last year’s interagency cybersecurity assessment conducted through the FFIEC found that many credit unions and banks are not taking basic cybersecurity actions”

• The NCUA will redouble efforts during this year’s exams to ensure credit unions have capacity to recover and resume operations if they are affected by a cyber breach

TraceSecurity can help your credit union with incident response plans

• TraceCSO, TraceSecurity’s cloud-based software solution, allows credit unions to:

– Create incident response policies and procedures

– Leverage pre-built workflow, forms and testing capabilities helping prove their capacity to recover after breach

– Track and report on details of incidents

– Provide thorough documentation and reporting for an audit

• As a result, credit unions can implement response plans in accordance with the NCUA guidance

Incident Response Use Case

• Learn how one credit union leveraged TraceCSO to:

– Create and manage their incident response program

– Prove their ability to recover from a breach

• TraceSecurity will host an educational webinar March 17 that explores the intention of the NCUA guidance

– Credit unions will learn:

• Why incident response is highly overlooked and how an incident response program helps credit unions effectively react to a data breach

• How TraceCSO delivers best-practice workflows and capabilities needed to satisfy the NCUA

• Read TraceSecurity’s blog titled “Expect a Breach and Be Prepared to Respond with an Incident Response Plan”

Educational Webinar and Blog

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CLICK HERE TO READ BLOG