The inspector general for the Federal Reserve is warning that a key database at the central bank needs more cybersecurity protections, according to a summary report.
Compiled in the wake of a security control review of the board’s Statistics and Reserves system, known as STAR, the report finds that overall, “the Division of Monetary Affairs and the Division of Information Technology have taken several steps to implement information security controls.”
But the inspector general staff warned that there are several cybersecurity deficiencies in the system.
“We found that improvements are needed in the Board’s security governance of STAR to ensure that information security controls are adequately implemented, assessed, authorized, and monitored,” the authors concluded.
The report includes six recommendations for improvements to security controls in certain areas, including planning, security assessment and authorization, contingency planning, auditing, access control, risk assessment and system, and information integrity.
Due to the extremely sensitive nature of the information, the report itself was not made public, only a brief executive summary was released Tuesday. As a result, it is not clear what specific cybersecurity flaws concerned the inspector general.
Read more: CNBC
- Watch: Al Sharpton’s Epic Fails When Reading Teleprompter Will Have You Rolling With Laughter, ‘The Thigh (Thai) Militarty’
- WATCH: US Open Champion Sloane Stephens When Asked if She has New ‘Hunger’ to Win More Games Gives Hilarious Answer — Endorses Capitalism
- ANTIFA: Violence is Necessary
- College Pays Professors Huge Settlement After ‘Ban of White People’ on Campus Threatened Their Lives [Video]
- ‘YOU DON’T UNDERSTAND WEDDINGS’: Little Flower Girl Tries Her Best to Explain Weddings to Her Dad [WATCH]
- Artist Projects 3 Messages on Trump Hotel: “The President of the United States is a Known Racist and Nazi Sympathizer”
- Obama’s Deputy Chief of Staff Reveals Michelle Was the Real Boss and if She Got Mad, Oh Boy…
- Report: Charlottesville’s Neo-Nazi Organizer Was Former Occupy Activist, Supported Obama
- BREAKING: Explosion on London Tube Train
- Japan Prepares for Mass Evacuation as Kim Jong-un Becomes More Unhinged
- The Lawyers Whom Allegedly Deleted Hillary’s E-mails are About to be…
- Columbus Day Now has a New Racially Acceptable Name in Los Angeles, Explorer to be Erased from History…
- The Key to Basic Handgun Training? K.I.S.S. [Watch]
- ANTIFA Protester Hits MAGA Man, Then All Hell Breaks Loose [Video]