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FDIC Inspector General Advises Boost in Security, Management, Innovation

1 min read

The Federal Deposit Insurance Corporation's Office of the Inspector General has identified the agency's weaknesses in the areas of security, technological modernization and management.

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Jay Lerner, FDIC inspector general, said Thursday in a report the agency needs to focus on cybersecurity risk oversight, financial technology innovation, information security management, crisis preparation and enterprise risk management. Other areas of improvement include threat information sharing with banks, human capital management, acquisitions process and regulatory cost measurement.

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FDIC OIG intends for the report to inform decision makers and other stakeholders on the agency's needs.

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