The U.S. Air Force assumed ownership of the Space Surveillance Telescope from the Defense Advanced Research Projects Agency during a transition ceremony held Tuesday in New Mexico.

DARPA said Wednesday SST is designed to perform space situational awareness functions and detect potential satellite collisions in deep space.

An article published Tuesday on ExecutiveGov says the Air Force Space Command will jointly operate the optical telescope with the Australian government through the Harold E. Holt Naval Communication Station in Western Australia.

SST is built to detect and track “debris and satellites about 36,000 kilometers above the Earth,” Lindsay Millard, program manager for SST at DARPA, said at the event.

“Before SST, no single telescope could handle both of these challenges: seeing things that are very small, very faint, and very far away, simultaneously over an enormously vast area,” Millard added.

Other speakers at the ceremony include Steven Walker, deputy director at DARPA; Eric Evans, director of MIT Lincoln Laboratory; Air Force Maj. Gen. Nina Armagno, director of strategic plans, programs, requirements and analysis at the Air Force Space Command headquarters; and Air Commodore Sally Pearson, director of general surveillance and control at the Royal Australian Air Force.

The Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Reserve Board want public comments on the three bank regulators’ joint plan to establish a set of cyber risk management standards for the financial services industry.

The regulatory agencies also seek potential methods to quantify and compare cyber risks at financial institutions, FDIC said Wednesday.

Responses to the advance notice of proposed rulemaking are due Jan. 17, 2017.

The Federal Reserve, FDIC and OCC are considering whether to apply enhanced cyber risk management standards to depository institutions and foreign banks’ U.S. business units that own at least $50 billion in assets as well as to financial market infrastructure operators and nonbank financial regulations supervised by the Fed, according to the notice.

The regulators also look to require companies to substantially address disruption or failure risks associated with a cyber incident, FDIC added.

The Interior Department’s office of inspector general has found lapses in DOI’s Continuous Diagnostics and Mitigation program when it comes to safeguarding high-value information technology systems from cyber vulnerabilities.

OIG said in a report published Wednesday its findings are based on the assessment of CDM practices that DOI implements for IT assets operated by the department’s U.S. Geological Survey, Bureau of Reclamation and Bureau of Safety and Environmental Enforcement.

The CDM initiative calls for agencies to implement 15 continuous diagnostic control measures in three phases, according to the report.

Under the program’s Phase 1, agencies should use automated software platforms to facilitate the development and maintenance of computer software and hardware inventories as well as implement enterprise configuration and vulnerability management measures, the IG said.

The report said that DOI failed to mitigate critical network vulnerabilities on the bureaus’ IT assets as well as detect and eliminate potential malware from the IT systems.

The IG also noted that DOI’s office of chief information officer did not require the bureaus to deploy the department’s inventory management software on all computers, monitor computer configurations, create lists of approved software to safeguard systems from malware and comply with best practices for vulnerability mitigation and detection.

The inspector general offered six recommendations in response to the findings and in an effort to help DOI protect its IT infrastructure from potential exploitation.