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Article: Defending against threats to information.(Federal Reserve Bank of Atlanta)
- Article from:
- Financial Update
- Article date:
- April 1, 2005
CopyrightCOPYRIGHT 2005 www.frbatlanta.org. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Today the Federal Reserve, like the rest of the world, spins on information technology (IT). As so many workers do nowadays, many Fed staff use computers and e-mail and access the Internet every workday. But the Fed's use of IT goes beyond so-called office automation and extends to the way it conducts its core businesses. On any given day, an economist might use a special high-capacity personal computer to run a huge data set through a complex econometric model. A bank examiner might scrutinize a large financial holding company's mathematical risk assessment model for a new derivative product it is offering. And certainly the bank's check processing and cash processing ...