The Critical Connection Between Incident Response Plans and Business Continuity Plans for Credit Unions
For credit unions, ensuring resilience in the face of disruptions is paramount. Two key components of this resilience strategy are the Incident Response Plan (IRP) and the Business Continuity Plan (BCP). While these plans serve distinct purposes, they are deeply interconnected and must function cohesively to protect operations, member trust, and regulatory compliance. Understanding the […]
Why Credit Unions Still Need Business Continuity Plans: A Regulatory and Cybersecurity Perspective
Credit unions face a range of operational threats, from natural disasters to cyberattacks. While some may have contingency plans, business continuity plans (BCPs) are not just a precaution—they are a regulatory necessity. Additionally, during cyber incidents, a well-structured BCP ensures rapid recovery and continued service. Regulatory Compliance: A Legal Requirement Credit unions must comply with […]