Treasury’s Security Flaw Showcases Cyber-Security Challenges

From: The Street

By Marguerite Arnold

NEW YORK (The Street) — While U.S regulators are urging banks and finance companies to strengthen their safeguards against cyber-attacks, the government has also grappled with gaps in its own security — including a system that tracks overseas threats to the country’s financial system.

A Treasury Department network used by U.S. intelligence agencies, for instance, fell short of federal standards by connecting personal computers, servers and printers that weren’t properly configured with Microsoft’s Windows software and may have lacked appropriate security settings, the agency’s inspector general said in an unclassified government audit. The report, dated September 2014, was obtained recently by Reuters under the Freedom of Information Act.

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