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FDIC Implemented Many Controls over Financial Systems, but Opportunities for Improvement Remain

Topics: Information Technology and Cybersecurity,

This report finds that, while the Federal Deposit Insurance Corporation (FDIC) has taken a number of steps to decrease the cyber vulnerability of its critical financial systems, weaknesses remain. It finds that the FDIC needs to do a better job of implementing measures recommended by the Government Accountability Office and other agencies, with only 27 of 36 pertaining recommendations having been adopted. Overall, the report makes special note of the inconsistent nature in which the FDIC has applied security measures.

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