Tag Archives: FDIC

FDIC Inspector General Advises Boost in Security, Management, Innovation

The Federal Deposit Insurance Corporation's Office of the Inspector General has identified the agency's weaknesses in the areas of security, technological modernization and management. Jay Lerner, FDIC inspector general, said Thursday in a report the agency needs to focus on cybersecurity risk oversight, financial technology innovation, information security management, crisis preparation and enterprise risk management.

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FDIC Ramps Up CISO Search

The Federal Deposit Insurance Corporation looks for a new chief information security officer to oversee information technology security activities across the agency. A USAJobs notice posted Oct. 26 says the CISO will oversee and direct security programs involving FDIC’s IT infrastructure and communications systems as well as agency and personnel data. …

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Report: Barry West Named Acting DHS Deputy CIO

Barry West, a senior adviser at the Department of Homeland Security, has been named deputy chief information officer of DHS effective Oct. 15, FedScoop reported Tuesday. Interim DHS CIO Steve Rice said in an e-mail to staff that West will serve in a limited-term senior executive service appointment as senior adviser and as deputy …

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GAO: FDIC Should Further Implement Information Security Program, Address Configuration Mgmt Gaps

The Government Accountability Office has urged the Federal Deposit Insurance Corporation to exploit the full implementation of its information security program and mitigate identified access and configuration management gaps. GAO said in a report published Wednesday that it discovered potential lapses on the authorization controls, boundary protection, identification and authentication capacity of the …

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Report: FBI Investigates China-Linked Cyber Breach at FDIC

The FBI has begun to investigate a security breach at the Federal Deposit Insurance Corp. that started in 2010 and included the computer of then-FDIC Chairwoman Sheila Bair, Reuters reported Friday. Individuals familiar with the matter told Reuters that senior officials at FDIC believe the breach, which is being investigated …

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US Bank Regulators Seek to Implement Cyber Risk Mgmt Rules

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 …

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FDIC Starts IT Assessment In Series of Data Security Efforts

The Federal Deposit Insurance Corp. has implemented several measures that aim to protect information from breaches and other cyber threats. Some of the efforts that FDIC launched in the past several months include the expanded use of multi-factor authentication to access assessment invoices and official correspondence as well as the appointment of …

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