TSP Gets Lowest Possible Score on Information Security Audit

The agency that administers the federal government’s 401(k)-style retirement program received the lowest of five possible scores on a recent audit to determine its compliance with federal information security standards. Auditors with the consulting firm Williams Adley examined the information security program of the Federal Retirement Thrift Investment Board, which administers the Thrift Savings Plan, under the Federal Information Security Modernization Act. In the first annual study of FRTIB’s policies, the agency scored a Level 1 in accordance with the law’s fiscal 2017 inspector general reporting metrics, out of a possible five.