Guidance for Reporting Computer-Related Crimes

The enclosed document, Guidance Concerning the Reporting of Computer-Related Crimes by Financial Institutions, explains the federal criminal statute relating to computer crimes, 18 U.S.C. §1030, and is intended to facilitate the timely and accurate reporting of apparent violations of the statute to law enforcement agencies.

Computers and computer networks clearly perform a vital role in financial institution operations, including credit unions. The potential for the electronic misappropriation of funds, compromise of information, or serious damage to computer systems present a unique challenge to federal regulatory agencies, victim institutions and law enforcement.

The enclosed guidance, developed under the auspices of the Interagency Bank Fraud Working Group, reflects the recognition of emerging technological threats and the critical need for a coordinated assessment and response. The National Credit Union Administration, along with the other members of the Bank Fraud Working Group including the U.S. Department of Justice, other bank regulatory agencies and federal law enforcement, is dedicated to fostering a high degree of interagency cooperation and coordination in the area of financial institution fraud.

This guidance sets forth violations of the federal computer crime statute which may be reportable offenses under the existing SAR system. Any violations should be brought to the immediate attention of those personnel responsible for reporting suspicious activity.

Inquiries may be directed to your respective regional office. Your cooperation in this matter is greatly appreciated.