From: GovInfo Security
New Report Says Regulators Not Doing Enough
By Tracy Kitten
Banking regulators are not adequately analyzing risks across institutions’ enterprises, and not all IT examiners are well trained, according to new report from the Government Accountability Office about cybersecurity within the U.S. banking industry.
But a new GAO report also notes that not all regulatory agencies have the same oversight authority. In its report, “Cyber Security: Bank and Other Depository Regulators Need Better Data Analytics and Depository Institutions Want More Usable Threat Information,” the GAO calls on Congress to take action to address this imbalance.
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