**GAO-08-564**                      Published: May 30, 2008. Publicly Released: May 30, 2008.                  

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## Highlights

The Federal Deposit Insurance Corporation (FDIC) has a demanding responsibility enforcing banking laws, regulating financial institutions, and protecting depositors. Effective information security controls are essential to ensure that FDIC systems and information are adequately protected from inadvertent misuse, fraudulent, or improper disclosure. As part of its audit of FDIC's 2007 financial statements, GAO assessed (1) the progress FDIC has made in mitigating previously reported information security weaknesses and (2) the effectiveness of FDIC's controls in protecting the confidentiality, integrity, and availability of its financial systems and information. To do this, GAO examined security policies, procedures, reports, and other documents; observed controls over key financial applications; and interviewed key FDIC personnel.

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## Topics

Information Security

Access controlBanking lawComputer securityConfiguration controlData encryptionData integrityData transmissionFinancial disclosureFinancial institutionsFinancial management systemsInformation securityInformation security managementInformation security regulationsInformation systemsInternal controlsLaw enforcementPasswordsPhysical securityRisk assessmentRisk managementSecurity assessmentsProgram implementation