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Fed watchdog flags data breaches by retiring staff member

Original: Fed watchdog flags apparent data breaches by retiring staff member

A Federal Reserve internal watchdog has flagged apparent data breaches carried out by a retiring staff member, according to Reuters. The disclosure raises fresh questions about data security and insider access controls at the US central bank. Details about the scope of the breaches and what information may have been exposed have not yet been made public.

Why now: A security lapse involving insider access at the Federal Reserve touches on banking-sector trust and data protection concerns.

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