Audit: Vulnerabilities, poor monitoring hurting FDIC’s security
From: FedScoop
The FDIC is at risk without encryption and solid internal oversight, according to a GAO report.
By Jeremy Snow
The Federal Deposit Insurance Corp. lacks encryption to protect user IDs and passwords, according to watchdog audit released Wednesday.
Even though the FDIC’s cybersecurity has greatly improved in recent years, it hasn’t done enough, according to a Government Accountability Office report.
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