REGULATION · US
Federal Reserve's information security governance lacks clarity, OIG finds
The Federal Reserve's Office of Inspector General reported weak oversight of infosec controls and enforcement, citing a 2024 incident involving a retiring employee that remained unresolved for over a year.
WHY IT MATTERS
Governance gaps at the Fed cascade to regulated banks relying on Fed payment systems and central bank lending facilities; prolonged incident response signals systemic risk in critical financial infrastructure.
Source: Banking Dive · 2026-09-29