NCUA's Proposed Rule on Cyber Incident Notification Requirements What You Need to Know

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At its July Board meeting, NCUA proposed changes to its rules for credit unions on Cyber Incident Notification Requirements. In this episode I provide commentary on the rule, and also include publicly available discussions at the board table from the NCUA Board: Todd Harper, Kyle Hauptman, and Rodney Hood, as well as NCUA staff.

NCUA's full board recording can be found here: https://www.youtube.com/watch?v=bj7kUqbc2o4&t=5530s

NCUA's proposed rule language can be found here:

https://www.ncua.gov/files/agenda-items/cyber-incident-proposed-rule-20220721.pdf