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If you are a credit union, you should expect to see the ACET during your next IT examination. The NCUA began piloting this new examination tool in 2018 with larger credit unions, but we anticipate it will be used in most credit union examinations in 2019. As you prepare for the ACET, here is a list of frequently asked questions for you to review.

In 2018, the NCUA began piloting the use of the Automated Cybersecurity Examination Tool (ACET) based on the FFIEC's Cybersecurity Assessment Tool (CAT) to review credit unions. While the ACET mirrors the CAT in content, ACET provides additional features and details to help credit unions and the NCUA examine and benchmark the industry's cybersecurity preparedness.

This article was published in the Jan/Feb 2018 edition of the Nebraska Banker magazine.