FDIC's IT Systems at Elevated Risk

FDIC's IT Systems at Elevated Risk
FDIC's IT Systems at Elevated Risk 

Gov Info Security
November 30, 2010

The Federal Deposit Insurance Corp. has worked hard to implement IT 
security procedures to safeguard its financial systems, but despite 
those efforts, the FDIC faces an elevated risk of the misuse of federal 

That's according to Tuesday's Government Accountability Office report, 
Federal Deposit Insurance Corporation Needs to Mitigate Control 
Weaknesses, that also cited unauthorized modification or destruction of 
financial information, inappropriate disclosure of other sensitive 
information and disruption of critical operations that put the FDIC 
systems at risk.

FDIC also failed to implement sufficiently access and other controls 
intended to protect the confidentiality, integrity and availability of 
its financial systems and information. For example, GAO said, the FDIC 
didn't always:


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