NJCUL Hosts its second session on Cybersecurity: NCUA on the ACET and CAT

HIGHTSTOWN, N.J. – The National Credit Union Administration's (NCUA) Len Siwak and Alexis Pezza presented detailed information about the Automated Cybersecurity Examination Tool (ACET), and how it was developed and will be utilized by the agency at the New Jersey Credit Union League's Cybersecurity Roundtable on Wednesday.

The ACET is based on the Federal Financial Institutions Examination Council’s Cybersecurity Assessment Tool (CAT). The examiners discussed details of an Inherent Risk Profile and Cybersecurity Maturity that are inherent to both the ACET and CAT. NCUA also discussed IT Security Expectations including a security program that encompasses the details on protecting physical branches, sensitive data, incident responses, assisting in identifying crime suspects and preventing destruction of vital records. Also NCUA’s rules and regulations, section 748, Appendix A and B were reviewed that focus on cybersafety of credit unions.

The meeting was sponsored by Evolve IP, eScope Solutions and Redstone Consulting Group, who each addressed the attendees with their solutions for protecting data.

Don’t miss the Cybersecurity Expo being held at the League office on September 12, 2018. Register today.

For questions on the ACET or CAT, please contact Nicola Foggie, Vice President of Compliance and Regulatory Affairs, at nfoggie@njcul.org.