The NCUA’s ACET (Automated Cybersecurity Evaluation Toolbox) application provides credit unions the capability to conduct a maturity assessment aligned with the Federal Financial Institutions Examination Council’s (FFIEC) Cybersecurity Assessment Tool. Using the assessment within the toolbox allows institutions of all sizes to easily determine and measure their own cybersecurity preparedness over time.
The ACET maturity assessment is completely voluntary and does not introduce any new requirements or expectations on credit unions. It is simply a tool that allows credit unions to identify and determine their levels of cybersecurity preparedness.
Using the Toolbox to conduct assessments on a regular basis may help institutions to:
- Identify areas of risk proactively, before there is a problem
- Determine the depth and breadth of cyber risk your institution is exposed to
- Discover the institution’s preparedness to deal with the cyber threats it may face
- Make decisions about security processes and programs based on the true nature of existing risk
- Use a measurable and repeatable process to assess risk preparedness over time
- Understand, address, and mitigate…
