Appropriations don’t have to be listed as individual line items on the budget, but may be folded into other line items, such as technology/IT, training, etc. When changing, adding, or removing a product offering, management will consider information security costs. During the annual review of the information security and business continuity plans, management will consider the security risk posed by critical infrastructures, such as telecommunications, power, etc. Appropriate security measures, including training of staff, will take place. All elements of the programs will be coordinated throughout the entire credit union, so that all stakeholders (members, frontline staff, back office staff, management, and volunteers) in the institution will understand their roles in ensuring safety and security. Each year, the board will evaluate and approve this program and its strategy. The board has approved policies commensurate with risk and complexity that address the concepts of: Information technology risk management: any time the credit union utilizes information technology, it takes upon itself a degree of a certain type of risk. Policy addresses how to manage that risk. Threat information sharing: policy requires that the president and IT staff remain informed regarding threats. Information security: building upon the policies that address information technology risk management, the credit union’s policy specifies how to keep information secure. External dependency or third-party management: as a small institution, the credit union must rely on external or third parties for many cybersecurity functions. Policy addresses how those parties are selected and managed. Incident response and resilience. The responsibility of each staff member for information security. Asset Management As part of a secure program, the credit union will manage its IT assets in the following ways: The credit union will maintain an inventory of organizational assets, including: Hardware Software Data Connections Externally hosted systems Organizational assets are prioritized for protection based on the data classification and business value. Then, according to the cybersecurity controls section of the plan, those assets will be protected appropriately.
Appropriations don’t have to be listed as individual line items on the budget, but may be folded into other line items, such as technology/IT, training, etc. When changing, adding, or removing a product offering, management will consider information security costs. During the annual review of the information security and business continuity plans, management will consider the security risk posed by critical infrastructures, such as telecommunications, power, etc. Appropriate security measures, including training of staff, will take place. All elements of the programs will be coordinated throughout the entire credit union, so that all stakeholders (members, frontline staff, back office staff, management, and volunteers) in the institution will understand their roles in ensuring safety and security. Each year, the board will evaluate and approve this program and its strategy. The board has approved policies commensurate with risk and complexity that address the concepts of: Information technology risk management: any time the credit union utilizes information technology, it takes upon itself a degree of a certain type of risk. Policy addresses how to manage that risk. Threat information sharing: policy requires that the president and IT staff remain informed regarding threats. Information security: building upon the policies that address information technology risk management, the credit union’s policy specifies how to keep information secure. External dependency or third-party management: as a small institution, the credit union must rely on external or third parties for many cybersecurity functions. Policy addresses how those parties are selected and managed. Incident response and resilience. The responsibility of each staff member for information security. Asset Management As part of a secure program, the credit union will manage its IT assets in the following ways: The credit union will maintain an inventory of organizational assets, including: Hardware Software Data Connections Externally hosted systems Organizational assets are prioritized for protection based on the data classification and business value. Then, according to the cybersecurity controls section of the plan, those assets will be protected appropriately.
detailed%20Cybersecurity%20program%202.docx