Tag Archives: Federal Deposit Insurance Corporation

FDIC reports five “major” data incidents to Congress

The Federal Deposit Insurance Corporation (FDIC) reported on Monday, May 16, 2016, that it had experienced five “major incidents” involving the disclosure of taxpayers’ personal information since the last incident we reported on last month involving 44,000 records. A “major incident” is defined as involving more than 10,000 records. The reported incidents all involved FDIC … Continue Reading

FDIC cybersecurity framework features four areas critical to bank security

Long gone are the days when a financial institution’s primary security concern was protecting cash in the bank vault, the Federal Deposit Insurance Corporation (FDIC) acknowledges in its recent article, “A Framework for Cybersecurity,” released February 1, 2016. Instead, the framework asserts that cyber-attacks now represent “one of the most critical challenges facing the financial … Continue Reading
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