FDIC Expands Its Cybersecurity Efforts

August 16, 2016, Written By John H. Oldshue
FDIC Expands Its Cybersecurity Efforts

The Federal Deposit Insurance Corporation recently issued a statement detailing new cybersecurity efforts to enhance their data protection. Over the last several months, the organization has built upon the existing encryption and data loss prevention programs they had in place to ensure that the agency’s information is kept as secure as possible.

As part of the new developments, the FDIC has installed new programs to limit and monitor the printing of sensitive data. In high risk areas of the office, the printing is monitored even closer to ensure it does not get in the wrong hands. Members of the organization will no longer be able to copy data to “removable media,” such as thumb drives, hard drives, CDs and DVDs.

The FDIC has also made efforts to increase its multi-factor authentication system, which is used to verify the identity of individuals wishing to download invoices, official agency correspondence, and other secure files. In early August, they contracted an independent third-party organization to conduct a thorough assessment of the FDIC’s cybersecurity and privacy programs.

In May, the FDIC came under strict scrutiny for its cybersecurity policies that House lawmakers believed may be linked to several data breaches which took place earlier in the year. Since then, the organization has worked to control who gains access to sensitive information and where that information goes once it is accessed.

The information contained within this article was accurate as of August 16, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
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