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GAO: Federal Deposit Insurance Corporation Needs to Sustain Progress Improving Its Program
GuidanceGovernment Accountability Office (GAO)Information Security
Highlights of GAO-07-351, a report to the Chief Financial Officer and Chief Operating Officer, Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) has a demanding responsibility enforcing banking laws, regulating financial institutions, and protecting depositors. As part of its audit of the calendar year 2006 financial statements, GAO assessed (1) the progress FDIC has made in correcting or mitigating information security weaknesses previously reported and (2) the effectiveness of FDIC’s system integrity controls to protect the confidentiality and availability of its financial information and information systems.
To do this, GAO examined pertinent security policies, procedures, and relevant reports. In addition, GAO conducted tests and observations of controls
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