Fed’s 'incomplete view' of security risks is top management challenge, audit says

11 October 2019 7:53am
The US Federal Reserve has been falling short for 15 years in addressing what is now its top management challenge: devising a centralized, system-wide approach to managing risks, an internal audit said.

The central bank’s “incomplete view” of its security risks is due to decentralized information technology, the Fed's Office of Inspector General said in a report on this year’s major management challenges.