Federal Reserve Security Deficiencies Exposed by Watchdog Report

The Office of the Inspector General (OIG) at the Federal Reserve has identified 'deficiencies' in the security measures at the central bank.

According to a report, there were weaknesses in access controls, incident response planning, and configuration management for information systems. The OIG found that some employees had excessive privileges, which could be used for malicious activities.

The report did not specify what kind of security incidents occurred or how much damage was done. However, it noted that the Reserve's security team needs to improve its monitoring and incident response capabilities.