Inaugural Credit Union Cyber Security Symposium Begins Today

November 13, 2014 The much-anticipated inaugural Credit Union Cyber Security Symposium will begin today at the Hyatt Arlington in Arlington, Va.

The event has drawn executives from credit unions, regulator and government agencies, trades and private sector security response firms. It is being hosted by NASCUS in partnership with Credit Union National Association, and emceed by IT security firm TrustCC.

Today’s sessions will include:

  • “What is Cyber Security?” – Tom Schauer, TrustCC
  • “Life in the Breach” – Ian Harper, Formerly with Pentagon Federal Credit Union
  • “The State of Cyber Security” – Julia Philipp, U.S. Department of the Treasury
  • “Legal Risk: Protecting the Credit Union” – Randy Gainer, BakerHostetler
  • “NIST & Risk Assessment Frameworks” – Holly Chase, Massachusetts Division of Banks
  • “Payment Systems Sleeper Risk” – Paul Reymann, McGovern Risk Advisors

The symposium comes on the heels of the Federal Financial Institutions Examinations Council’s (FFIEC) release of a report of its observations on the recent cyber security examination work program, and their recommendations that regulated financial institutions participate in the Financial Services Information Sharing and Analysis Center (FS-ISAC). (To review the report in its entirety, click here. To read NASCUS’ summary of the report, click here.)

“I have said before that the state-chartered credit union system offers the greatest opportunity to assure the future safety and viability of the credit union business model,” said NASCUS president and CEO Lucy Ito. “Drawing awareness to cyber security risks and offering ways to mitigate these risks is an important way NASCUS is promoting the safety and soundness of state-chartered credit unions.”

The symposium will adjourn Friday at 3:45 p.m.



 

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