SEC needs to up its information security, GAO says

A recent GAO report said that the Securities and Exchange Commission needs to strengthen its information security and better control access to one of its financial systems, according to FCW.

The agency’s financial data became vulnerable during a migration to a new production environment. SEC did not appropriately monitor the company who did the transfer, FCW reported.

The new, faulty system has since been shut down, and the agency has reverted back to the older system, FCW said. Be on the lookout for a possible RFI in the future.