Editor’s Note: The following is an excerpt from GAO-15-509, Cybersecurity: Bank and Other Depository Regulators Need Better Data Analytics and Depository Institutions Want More Usable Threat Information. The complete report is available here.
Matter for Congressional Consideration
To ensure that NCUA has adequate authority to determine the safety and soundness of credit unions, Congress should consider modifying the Federal Credit Union Act to grant NCUA authority to examine technologyservice providers of credit unions.
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