INFORMATION SECURITY FDIC Made Progress in Securing Key Financial Systems, but Weaknesses Remain

Information security is a critical consideration for any agency that depends on information systems and computer networks to carry out its mission and is especially important for a government corporation such as FDIC, which has responsibilities to oversee the financial institutions that are entrusted with safeguarding the public's money. While the use of interconnected electronic information systems allows the corporation to accomplish its mission more quickly and effectively, this also exposes FDIC's information to threats from sources internal and external to the agency. Internal threats include errors, as well as fraudulent or malevolent acts by employees or contractors working within the agency. External threats include the ever-growing number of cyber-based attacks that can come from a variety of sources such as hackers, criminals, foreign nations, terrorists, and other adversarial groups.