How Credit Unions Can Prepare For 3-Day Cyber Report Rule
On Feb. 16, the National Credit Union Administration unanimously approved a final rule that requires federally insured credit unions to report "reportable cyber incidents" to the NCUA as soon as possible, and in no event later than 72 hours after the credit union reasonably believes that it has experienced a reportable cyber incident.[1] The final rule becomes effective on Sept. 1.