Inside Cybersecurity

May 19, 2024

Daily News

GAO faults FDIC for slow progress in correcting data-security vulnerabilities

By Rick Weber / June 2, 2017

The congressional Government Accountability Office is asking the Federal Deposit Insurance Corporation to report back next month on implementing data-security corrections to protect its sensitive, financial records from fraudulent misuse or destruction.

GAO in a new report finds the FDIC has failed to fully implement recommendations for securing data gathered in its role as a regulator and enforcer of national banking laws and in protecting the nation's depositors.

“In commenting on a draft of this report, FDIC agreed with GAO's...

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