Archive

All posted news and alerts from Buckley Technology Group
Cybersecurity Resources: Ransomware

Ransomware attacks accounted for around 20% of all cyber crimes in 2022. As ransomware attacks continue to increase and evolve, financial institutions should mature beyond prevention best practices and implement an incident response playbook or checklist that can be referenced in the event of a ransomware attack. We recommend financial institutions review the following resources […]

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Join BTG at the HCUL 2023 Annual Convention

BTG will be exhibiting at the Hawaii Credit Union League's Annual Convention held April 27th-29th at the Grand Hyatt Kauai Resort & Spa. Timothy Buckley and Elisabeth Esposito will be speaking on the topic of Cybersecurity Fire Drills: A New Layer of Protection on Thursday, April 27th at 3:00pm. In this session, BTG will outline […]

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BTG's Quarterly Compliance Spotlight- March 2023

Click here to read this quarter's Compliance Spotlight - highlighting the latest company news, regulatory reminders, and valuable resources to help elevate your institution's compliance programs!

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Expectations for 2023 NCUA IT Exams

Earlier this year, BTG shared exam preparation insights following the release of NCUA’s 2023 Supervisory Priorities.  One of the priorities included an update to the Information Security Examination (ISE) procedures.  The ISE procedures outline exam statements grouped within three levels, which are based on the size and complexity of the credit union.  The exam statements […]

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NCUA Board Approves Cyber Incident Reporting Rule

Effective September 1, 2023, the final rule requires federally insured credit unions to notify NCUA as soon as possible, within 72 hours, after it reasonably believes that a reportable cyber incident has occurred. Reportable cyber incidents include those that lead to a substantial loss of confidentiality, integrity, or availability of a network or member information […]

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NCUA Releases 2023 Supervisory Priorities

NCUA released a letter to credit unions detailing its supervisory priorities for 2023 (23-CU-01).  The NCUA will continue to conduct exams both onsite and offsite.  The Small Credit Union Exam Program will remain in place for most federal credit unions with assets under $50 million; while the risk-focused exam procedures will be used for all […]

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BTG's Quarterly Compliance Spotlight- December 2022

Click here to read this quarter's Compliance Spotlight - highlighting the latest company news, regulatory reminders, and valuable resources to help elevate your institution's compliance programs!

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BTG Predictions for 2023 Supervisory Priorities

Supervisory priorities for financial institutions have remained consistent for the past few years; however, the security and compliance team at BTG anticipates a heightened focus on specific areas of concern moving into 2023. Financial institutions should revisit guidance within the following areas to ensure requirements or industry standards are met and necessary resources can be […]

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Regulatory Compliance Concerns with Financial Institution Websites

Websites are an important service tool for financial institutions- providing details specific to products and services, current promotions for interest rates and lending programs, and online access for customers to manage their accounts.  Maintaining a robust website is a competitive marketing advantage; however, there are industry regulations and best practices that can present challenges with […]

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FFIEC Releases Update to Cybersecurity Resource Guide for Financial Institutions

The FFIEC released an update to the October 2018 Cybersecurity Resource Guide for Financial Institutions. The update resource guide now includes ransomware-specific resources to address the ongoing threat of ransomware incidents. The resource guide can be found here. For more information, contact Elisabeth Esposito at eesposito@buckleytechgroup.com

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