With the current issue on Russia's invasion on Ukraine, there are identified potential threats to credit unions, one of it are cyber attacks. Recommendations are taking place in credit unions and cybersecurity teams on how to be protected from cyber incidents due to the sudden events happening in Ukraine.
According to the CISA, the National Credit Union Administration, the Federal Bureau of Investigation, and the National Security Agency, there needs to be an awareness of cyber risks and conduct proactive threat hunting to prevent credit unions from cyber attacks. More so, the damage induced by Russia's invasion to the state brings an impact to other institutions to take urgent steps in mitigating the cyber risks and management on business continuity and emergency preparedness plans.
TCFS & Associates oversee business continuity and emergency preparedness plans which can help in alertness on cyber attacks. Surviving disasters and prevention of income or asset loss are keys to having business operations alive. It is crucial that risk management is applied for business continuity to capitalize on avoiding cyber attacks. Meanwhile, emergency preparedness is identifying vulnerabilities and having a backup for businesses. TCFS & Associates have the interest in ensuring that issues such as the alertness on cyber attacks to credit unions be addressed efficiently for the benefit of the people and have a speedy recovery amid the crisis.
The unprecedented events occurring in Ukraine is saddening with the posing threats and decline of productivity. How can we help in their financial sector, likewise with other businesses? Alertness on cyber attacks through business continuity and emergency preparedness plans and conducting management and step-by-step process to mitigate the exposure to potential threats. It is therefore a necessity to be alert and adaptive with the rapid and possible changes from our work environment and TCFS & Associates offers the scope for credit unions.