GAO Finds Unresolved Issues with Federal Reserve Security Controls

[InfoSec News <alerts () infosecnews org>]

http://www.executivegov.com/2012/04/gao-finds-unresolved-issues-with-federal-reserve-security-controls/

By Katelyn Noland
Executive Gov
April 13, 2012

A recent audit found the Federal Reserve Systems’ information systems to 
be deficient, citing issues from both 2011 and previous years, 
FierceGovernment IT reports.

The Government Accountability Office issued a report on its audit 
Wednesday and made recommendations for how the Fed can proceed in 
addressing the ongoing security control issues.

GAO said that despite the Fed’s efforts to address system problems from 
previous years, additional actions are needed to fully address open 
information system recommendations from prior audits.

The Federal Reserve Information Technology Computing Centers maintain 
Fed’s main financial networks and processes Fed transactions.

GAO said deficiencies were minimized through the banks’ physical 
security equipments that monitor use and system activity.

[...]

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