Cybersecurity

Watchdog: Treasury hitting the mark as cyber steward

Shutterstock image (by deepadesigns): protection concept, shield icon.

The Treasury Department is right in line with presidential directives to enhance critical infrastructure security through better national coordination and public/private partnerships, according to a report by the agency's inspector general.

The April 28 report, which comes as critical infrastructure sectors face an onslaught of breach attempts, contains no recommendations for different or additional actions.

The IG found that Treasury was meeting all its obligations as the agency for the financial services sector. Those obligations include preparing for cyber and physical attacks aimed at the U.S. financial system.

Treasury has been meeting a range of reporting requirements and engaging in close consultation with the Department of Homeland Security, regulatory agencies and the financial industry, the report states.

For example, during the Heartbleed vulnerability, Treasury worked with DHS to stay abreast of developments and threats to secure transactions and shared that information with financial industry leaders.

The report praised the work Treasury has done with the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security and with the Financial Services Information Sharing and Analysis Center.

About the Author

Zach Noble is a former FCW staff writer.

Featured

  • Defense
    Soldiers from the Old Guard test the second iteration of the Integrated Visual Augmentation System (IVAS) capability set during an exercise at Fort Belvoir, VA in Fall 2019. Photo by Courtney Bacon

    IVAS and the future of defense acquisition

    The Army’s Integrated Visual Augmentation System has been in the works for years, but the potentially multibillion deal could mark a paradigm shift in how the Defense Department buys and leverages technology.

  • Cybersecurity
    Deputy Secretary of Homeland Security Alejandro Mayorkas  (U.S. Coast Guard photo by Petty Officer 3rd Class Lora Ratliff)

    Mayorkas announces cyber 'sprints' on ransomware, ICS, workforce

    The Homeland Security secretary announced a series of focused efforts to address issues around ransomware, critical infrastructure and the agency's workforce that will all be launched in the coming weeks.

Stay Connected