NCUA Inspector General James Hagen said Monday he would investigate the agency's mishandling of sensitive member data. An external flash drive was lost earlier this year during an exam at the $13 million Palm Springs FCU.
Hagen's investigation will go beyond an audit to determine if the NCUA had adequate controls in place to protect the information. The IG also said he would review the agency's decision to keep the incident from the public and investigate an NCUA leak regarding the breach.
Specifically, Hagen's statement released by the NCUA cited "an investigation into the unauthorized disclosure by two alleged 'NCUA sources' of internally held information regarding the breach of the credit union members' information."
The actions will begin in January, Hagen said in the statement.
"NCUA's Inspector General will proceed in a thorough and deliberative manner in all these activities, and there is no set deadline for their completion," the release said.
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