What Banks Can Learn from the FDIC Data Breach

Image Source: Article

Image Source: Article

The FDIC's recent data breach of 44,000 records is a case study, mostly in how to handle a security incident well. It also highlights additional security controls all financial institutions should have in place.

On Friday, Feb. 26, an FDIC employee was packing up; it was her last day at the agency. She downloaded some personal files, such as family photos and her resume, from her work computer onto a USB drive to take home. At the same time, the FDIC later discovered, she inadvertently downloaded 44,000 customer records, including personally identifiable information, onto the portable device. 

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