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United States: Chief Information Officer Of US Federal Deposit Insurance Corporation Testifies Before The US House Of Representatives On Information Security
On May 12, 2016, Chief Information Officer and Chief Privacy
Officer of the US Federal Deposit Insurance Corporation, Lawrence
Gross, testified before the Committee on Science, Space, &
Technology of the U.S. House of Representatives' Subcommittee
on Oversight. He discussed the FDIC's information security
program and its ability to identify, analyze, report and remediate
data security incidents. Gross noted that employees and contractors
receive annual training to ensure they will report incidents when
they have access to sensitive information. The FDIC also has a
security incident response and escalation plan in place to ensure
the systematic gathering and analysis of facts relevant to the
incident, and an interdisciplinary team responsible for determining
the appropriate course of action if there is an elevated risk of
harm. After all facts have been gathered, the FDIC takes steps to
mitigate the risk of harm and undertake appropriate reporting and
notifications commensurate to the severity of the incident. Gross
also detailed several remedial steps the FDIC is currently taking
to further lower the risk of sensitive information being
exposed.
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