✉news BusinessBanking first seen 13 h ago, last 1 h ago, peak #7
Fed's inaction let cybersecurity risks fester, watchdog finds
Original: Fed’s ‘collective lack of action’ let info security risks fester: OIG
A report from the Office of Inspector General faults the Federal Reserve for a 'collective lack of action' on information security risks, saying weaknesses were allowed to persist. The finding puts renewed scrutiny on the central bank's internal controls and its handling of longstanding IT security vulnerabilities.
Why now: A new OIG report sharply criticizing the Federal Reserve's information security practices has just been released.
Federal ReserveOffice of Inspector General
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