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FDIC Issues Guidance on Office Machines

By Vigilize | Tuesday, September 21, 2010 - Leave a Comment

The US Federal Deposit Insurance Corporation (FDIC) has issued a document for financial institutions titled “Guidance on Mitigating Risk Posed by Information Stored on Photocopiers, Fax Machines and Printers.”

The document describes the risks inherent in the use of the devices because they may contain hard drives or flash memory that retains information transmitted by the devices. Many financial institutions lease these devices and return them at the end of the lease period. The guidance recommends that financial institutions establish and enforce “written policies and procedures to identity devices that store digital images of business documents and ensure their hard drive or flash memory is erased, encrypted or destroyed prior to being returned to the leasing company, sold to a third party or otherwise disposed of.” The guidance was issued because field examiners “felt the vast majority of bankers that they dealt with … were completely unaware of the problem.”

Read the Guidance issued by the FDIC: Guidance on Mitigating Risk Posed by Information Stored on Photocopiers, Fax Machines and Printers


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