From: The Wall Street Journal
Firms say numerous breaches at federal agencies are a cause of concern that government won’t be able to safeguard information
By Andrew Ackerman
WASHINGTON—In the wake of the financial crisis, federal regulators are demanding a vast trove of private data to help them better monitor markets. But in the age of routine, sophisticated hacks, many in the financial industry worry the government will be unable to keep that sensitive information secure.
Investment firms cite numerous breaches at federal agencies, most recently the late-October admission by the national bank overseer that a former employee had downloaded 10,000 records with two thumb drives and took them home.
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