Mmastodon BusinessBanking first seen 4 h ago, last 29 min ago, peak #3

Fed's inaction let information security risks fester, 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 Office of Inspector General reports that unclear governance of the central bank's information security program and weak enforcement of controls allowed a 2024 security incident to remain unresolved for over a year. The review cites a 'collective lack of action' across the institution, raising questions about accountability and oversight at the US central bank.

Why now: The OIG's critical findings about governance lapses at a major financial institution are newly public.

Federal ReserveOffice of Inspector General

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Rank over time, top of the chart is #1. 2 snapshots from 29 min ago to 29 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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