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US FDIC's cyber defenses rated ineffective, putting bank customers' data at risk
By Neil Roland
Published 30 Oct 2020 16:12
Modified 30 Oct 2020 16:12
The US Federal Deposit Insurance Corp.'s information security program was rated ineffective in an internal review, the latest in a series of critical reports about the banking regulator's cyber defenses.
Security control weaknesses "placed the confidentiality, integrity and availability of the FDIC's information systems and data at risk," the agency's inspector general said
Neil Roland
Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.