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✉news BusinessBanking first seen 19 h ago, last 24 min ago, peak #8

Fed watchdog flags apparent data breaches by retiring staff member

A Federal Reserve internal watchdog has flagged apparent data breaches involving a retiring staff member. The disclosure raises questions about how the US central bank protects sensitive information and whether departing employees accessed or removed data improperly. Details about the scope of the breaches and any information affected have not been released, and it remains unclear what consequences, if any, may follow.

Why now: Newly reported findings from the Fed's inspector general about potential data breaches have drawn attention to security lapses at the US central bank.

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