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In January 2021, the National Credit Union Administration (NCUA) published their 2021 Supervisory Priorities which stated, "The agency has reprioritized away from performing facilitated Automated Cybersecurity Evaluation Toolbox cybersecurity maturity assessments, to piloting the Information Technology Risk Examination for Credit Unions (InTREx-CU). […] ACET will become a self-assessment resource for credit unions, supported by the NCUA."
In October 2020, the National Institute of Standards and Technology (NIST) published NISTIR 8286 over Integrating Cybersecurity and Enterprise Risk Management (ERM). The document provides an overview of ERM and how cybersecurity should be integrated with ERM to ensure the organization is better able to recognize, assess, and control risk across the organization.
At Tandem, we recognize there are a few GRC (governance, risk, and compliance) solutions on the market. So, why should you pick Tandem? Based on feedback from individuals who have chosen Tandem, here are 10 reasons, in no particular order, why over 1400 organizations have chosen Tandem over other solutions.
In July 2020, the National Credit Union Administration (NCUA) published their updated 2020 Supervisory Priorities. In the "Information Systems and Assurance (Cybersecurity)" section, the NCUA stated:
At the ninth National Credit Union Administration (NCUA) open Board meeting for 2019, the Office of Examination and Insurance and the special advisor to the Chairman for cybersecurity briefed the Board on cybersecurity challenges and opportunities.
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.