As we prepare for the June 1 start of the hurricane season, credit unions are reminded to review, test and, if necessary, update their emergency management response and contingency planning policies and procedures. While the annual reminder of hurricane season ensures Texas citizens are eminently aware of the impact of natural and other disasters such as pandemics, it is also important to remember the implications of man-made attacks on our infrastructure, including cyberattacks on the financial services sector.
While Texas-chartered credit unions have proven their ability to appropriately react to all the past scenarios that threatened their operations and their members financial health, it is imperative that institutions remain diligent in their efforts and when necessary, adopt an elevated state of awareness and conduct proactive threat searches.
To assist, the Texas Credit Union Department is providing the following reference information for credit unions as they review their current policies, test their procedures, and modify practices to keep current.
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