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JFAC approves five new finance examiners to bolster cybersecurity and investigations

2436069 · February 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee approved five full-time positions and $765,800 in dedicated funds for the Department of Finance to add IT-focused financial examiners, cybersecurity and forensic accounting capacity.

The Joint Finance-Appropriations Committee approved five full-time equivalent positions and $765,800 from dedicated funds for the Idaho Department of Finance on Feb. 14. The additions are intended to strengthen the department’s IT examination, cybersecurity and forensic-accounting capacity.

Committee materials show the approved package included: one IT-focused financial-institutions examiner ($172,100), one additional financial-institutions examiner ($172,100), one securities-bureau examiner focused on cybersecurity (Financial Examiner Investigator 3 at $246,000), one forensic-accounting specialist ($123,000), and $52,600 for IT hardware. The governor recommended four of the six requested FTPs; the committee approved five FTPs total and the associated funding.

The motion passed with a combined committee tally reported as 18 ayes, 1 nay, 1 absent/excused (Senate 8–1–1, House unanimous per roll-call transcript). The vote carries a due-pass recommendation.