The Department of the Treasury’s Bureau of the Fiscal Service needs to fix weaknesses in its key controls over financial information systems that are relevant to the Schedules of Federal Debt, according to a new report from the Government Accountability Office (GAO).
Officials with the Treasury Department’s Bureau of the Fiscal Service (BFS) and the Agriculture Department’s Research, Education, and Economics (REE) organization explained this week how their agencies are focusing on making government data more accessible to the public.
The Office of the Comptroller of the Currency (OCC) announced on Oct. 27 that it will establish an Office of Financial Technology early in 2023.
A new report from the U.S. Treasury Financial Crimes Enforcement Network (FinCEN) finds that three-quarters of “ransomware-related incidents” tracked by FinCEN originated from or were connected to the Russian Federation during the second half of 2021.
President Biden will replace Internal Revenue Service (IRS) Commissioner Charles Rettig when his term ends on November 12, Secretary of the Treasury Janet Yellen announced.
The Treasury Department’s Federal Insurance Office (FIO) is looking for feedback through a request for information (RFI) on whether or not the Federal government should offer insurance for “catastrophic” cyber incidents.
Amid the rapid growth of the digital currency marketplace, the Treasury Department’s Financial Stability Oversight Council warned in a new report that cryptocurrencies could “pose risks” to the stability of the U.S. economy – especially in the event of lax government oversight.
The Treasury Department has appointed Christopher Adams as the agency’s chief information security officer (CISO), according to Adams’ LinkedIn page.
Several Federal agencies that have banded together to study ways to improve financial management policies and practices have released a new simulation tool that aims to illustrate concepts for improving identity verification and potentially reduce improper payments.
The Treasury Department sanctioned cryptocurrency mixer Tornado Cash on August 8, saying the service has been used to launder over $7 billion worth of virtual currency.
The Department of the Treasury is seeking public input on carrying out its mandate in the White House’s executive order (EO) to ensure the responsible development of digital assets, including cryptocurrencies.
The Government Accountability Office (GAO) is pressing the departments of Treasury and Homeland Security (DHS) to assess whether a further Federal response is needed to address the government’s existing terrorism risk insurance program, which may not cover losses from cyber and other attacks on U.S. critical infrastructure.
The Department of the Treasury said it approved about $631 million of funding to four states from the Coronavirus Capital Projects Fund (CPF), which will provide money for affordable broadband infrastructure and other digital connectivity technology projects.
The Government Accountability Office (GAO) has identified four additional priority recommendations for the Department of the Treasury as of May 2022, including recommendations on improving cybersecurity and modernizing the U.S. financial regulatory system.
The growing investment in technology and IT solutions naturally comes with caveats with regards to price. CIOs from the Federal Deposit Insurance Corporation (FDIC), Department of Energy (DOE), and the Environmental Protection Agency (EPA) remain conscientious of making sure the planet does not pay that price.
The Department of Treasury announced that, in collaboration with domestic Federal law enforcement partners, its Office of Foreign Assets Control (OFAC) levied sanctions against Hydra, the world’s largest darknet market, and Garantex, a virtual currency exchange.
The Department of Treasury and the Office of Management and Budget (OMB) have made progress in validating data received from Federal agencies, but both of the agencies need to improve how that data is reported online, according to the Government Accountability Office.
Senators Maggie Hassan, D-N.H. and Joni Ernst, R-Iowa, introduced bipartisan legislation that would mandate the Department of Treasury and other Federal entities to review the use and mining of cryptocurrencies globally, and submit a detailed report on the issue to multiple congressional committees.
As part of a government-wide effort to counter ransomware, the U.S. Department of the Treasury is taking robust actions to disrupt criminal networks and virtual currency exchanges responsible for laundering ransoms, encourage best cyber practices, and increase efficient and timely incident reporting to agencies.
Eric Olson has stepped down as chief information officer (CIO) at the Department of the Treasury, a Treasury spokesperson confirmed to MeriTalk.
The Treasury Department’s Bureau of the Fiscal Service released a playbook that’s helping government agencies to automate their business through technology solutions.
The Treasury Department is seeking a tool to help trace cryptocurrency that may be linked to parties placed on the Specially Designated Nationals (SDN) list.
The Biden Administration announced that Matthew Wiegmann will serve as senior advisor for technology and delivery at the Treasury Department.
Thirty Democratic senators and House members are asking newly confirmed Labor Secretary Marty Walsh in a March 23 letter for the agency to focus its efforts to help states improve their unemployment insurance (UI) systems along the lines of legislation introduced in both houses of Congress earlier this year.
The Department of Treasury is using emerging technologies – namely blockchain – to reduce the reporting burden on U.S. Federal grants issued by the agency.
The Department of Justice (DoJ) announced it has indicted three North Korean military hackers as part of a series of cyberattacks intended to steal and extort more than $1.3 billion of money and cryptocurrency from financial institutions and companies.
The Cybersecurity and Infrastructure Security Agency (CISA), FBI, and the Treasury Department have issued a joint cybersecurity advisory about North Korean malicious activity known as “AppleJeus.”
The Treasury Department’s Bureau of Engraving and Printing (BEP) employees have a new fashion accessory to wear to work – a contact-tracing device that utilizes 4G cellular data with the Amazon Web Services (AWS) cloud to mitigate the spread of COVID-19.
Building resiliency in the face of the COVID-19 pandemic was an essential aspect of keeping the Federal workforce humming and managing a hybrid workforce of the future.
With the COVID-19 pandemic stretching on, President Biden signed an executive order (EO) to direct an all-of-agency effort to help those most impacted by the pandemic. In accordance with that EO, the Department of Treasury is working to change the way it delivers economic impact payments, according to a Jan. 22 release.