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FDIC faces a number of 'challenges and risks' in IT governance
FedScoop: The Federal Deposit Insurance Corporation’s IT governance practices leave room for improvement, a recent agency inspector general’s report found.
Specifically, the IG found, the FDIC could benefit from fully developing long-term strategies for IT initiatives, and getting buy-in on those strategies, before executing. “An IT strategy is an essential part of the Governance Framework,” the report states. But the former CIO of the FDIC, Larry Gross, stopped work on a long-term plan in 2016 order to create a short-term “Action Plan” around specific high-risk IT priorities.
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