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.