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Volume 18 - Number 8

April 13, 2018

FHFA OIG Issues Heavily Redacted Report on GSE Cybersecurity

The Federal Housing Finance Agency Office of Inspector General said the FHFA did not make sure that Freddie Macís plans to address cybersecurity deficiencies were sufficient. Instead, the agency questionably closed the matter requiring attention (MRA) after deciding on its own that the GSE had completed its planned remedial actions.This raised a red flag with the OIG, which said when an MRA is issued, the FHFA requires the GSE to provide a remedial plan that includes specific milestones that take into consideration the complexity of the issue and the urgency regarding the correction.

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