RealNews

GAO: Financial industry needs to do more on security front

While U.S. financial markets have made progress in making themselves less vulnerable to damage following the terrorist attacks of September 2001, more work is still needed, according to a U.S. General Accounting Office report released today in Washington. The 119-page report, titled “Potential Terrorist Attacks: Additional Actions Needed to Better Prepare Critical Financial Market Participants” (download PDF), was issued ahead of a hearing this afternoon on Capitol Hill before the House Financial Services Capital Markets Subcommittee. The committee, chaired by Rep. Richard H. Baker (R-La.), was expected to review the effects of the Sept. 11 terrorist attacks on the nation’s financial institutions and markets and help find ways to make additional security improvements. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.