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Monday, July 21, 2014

Treasury Dept IT System Flagged for Security Issues

Serious tech troubles at the Treasury Department are so severe that they could disrupt accounting practices within a system that manages about $16.7 billion of federal debt.

The Government Accountability Office flagged at least 20 problems within the Bureau of the Fiscal Service’s tech system—all of which involve security management issues. Of the deficiencies GAO identified, 14 are brand new and six are problems that were detected in 2012 and were never corrected.
The auditors said the issues constitute a "significant deficiency" for financial reporting purposes. 

The weaknesses "increase the risk of unauthorized access, modification or disclosure of sensitive data and programs, which could result in the disruption of critical operations," Gary Engel, GAO director for financial management and assurance, wrote in an audit last week, NextGov first reported.
The Fiscal Service commissioner addressed the auditor’s findings and said the agency is currently taking actions to resolve the issues.
-Brianna Ehley, TheFiscalTimes.com

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