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Senators question Thrift Savings Plan’s security

Written by Fcw
digital data security
  • Fcw
  • 2 years ago

digital data security

Are federal retirement accounts safe from hackers?

Probably not, and the board in charge is failing to address security concerns or even let auditors test the extent of the vulnerabilities, a bipartisan pair of senators said.

In a letter to Federal Retirement Thrift Investment Board Chairman Michael Kennedy, Sens. Ron Johnson (R-Wis.) and Tom Carper (D-Del.) expressed concerns about the security of the Thrift Savings Plan, the retirement vehicle for millions of federal employees and military service members.

In 2011, a data breach exposed the Social Security numbers of 123,000 TSP account holders to malicious actors, and the senators allege that not much has changed since then.

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