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Fed's weak oversight left information security risks unresolved, watchdog finds

Original: Fed’s ‘collective lack of action’ let info security risks fester: OIG Governance of the central bank’s information secur

The Federal Reserve's inspector general says a collective lack of action at the central bank allowed information security risks to persist. Its report found that governance of the Fed's information security program and enforcement of controls lack clarity, leaving a 2024 security incident unresolved for more than a year. The findings raise questions about accountability and risk management inside the US central bank.

Why now: A critical watchdog report on the Federal Reserve's security governance was just released, drawing attention to governance failures at a major institution.

Federal ReserveOffice of Inspector General

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Rank over time, top of the chart is #1. 2 snapshots from 14 min ago to 14 min ago.

Evidence

• Fed’s ‘collective lack of action’ let info security risks fester: OIG Governance of the central bank’s information security program and enforcement of controls lack clarity, resulting in a 2024 incident “remaining unresolved for over a year,” an OIG report said. https://www.… · AlexJimenez@mas.to · 2

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