Audit: FDIC Must Boost InfoSec Scrutiny

The Federal Deposit Insurance Corp. needs to improve the way it determines that banks are taking adequate steps to defend against cyber-attacks, a report from the FDIC inspector general office says. The report, the FDIC's Supervisory Approach to Cyberattack Risks, contends that when the FDIC sizes up banks' system security efforts, it relies too heavily on statements from banks, in part, because of a lack of agency staff, especially managers, with the IT and information security expertise to make security risk assessments.

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