Fed Reserve · 2013 — On-record security exposé · $9 trillion in transactions at risk

Serious Security Hazards at the Federal Reserve Bank Go Unaddressed

In 2013, Michael Peros of Bugged was called upon to provide a proposal to assess and deliver professional bug-sweep services for the Federal Reserve Bank. What he encountered during that visit raised serious concerns about the integrity of the Bank's counter-surveillance protocols.

"I asked how an effective bug sweep could have been conducted when the entrance to the conference room attic is obstructed. No satisfactory answer was provided."

- MICHAEL PEROS, BUGGED SPECIALIST

Contractual appointments outlined in the RFP called for bug-sweep inspections to coincide with eight scheduled meetings held throughout the year at the Bank. Peros flagged that standard protocols could not be faithfully executed under the physical conditions present - specifically, the obstructed attic access adjacent to the primary conference room.

The Federal Reserve Bank oversees an institution responsible for trillions of dollars in annual transactions. Unaddressed structural vulnerabilities in a facility of this sensitivity carry compounding national-security implications. Peros placed his concerns on record. They were not acted upon.

This account reflects information on the public record as reported by Michael Peros, based on his direct on-site observations during the proposal process.