Feds: FDIC Still Has Weaknesses That Place Financial Systems At Risk PDF Print E-mail
Federal Government
By Administrator   
Monday, 13 April 2015 06:04

RALEIGH, (SGRToday.com) - The Government Accountability Office has releasaed the results of its audit of the Federal Deposit Insurance Corporation (FDIC). The summary of what GAO found that while progress has been made toward securing the FDIC, more work remains.

"The Federal Deposit Insurance Corporation (FDIC) has implemented numerous information security controls intended to protect its key financial systems; nevertheless, weaknesses remain that place the confidentiality, integrity, and availability of financial systems and information at risk. During 2014, the corporation implemented 27 of the 36 GAO recommendations pertaining to previously reported security weaknesses that were unaddressed as of December 31, 2013; actions to implement the remaining 9 recommendations were in progress."

The entire report, as well as tables and charts, can be found at gao.gov.

 
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