Just three months after the National Credit Union Administration (NCUA) put into place a final rule requiring federally chartered and federally insured credit unions to notify NCUA of a "reportable cyber incident," about 60 credit unions in the United States experienced outages because of a ransomware attack on an IT provider the institutions use, according to a US federal agency. The final NCUA rule went into effect on 01 September 2023, requiring that affected credit unions should notify the