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Idaho Department of Finance seeks six new examiners amid rising cyber and elder-fraud workload
Summary
The Department of Finance asked the Joint Finance-Appropriations Committee to approve six full-time positions and $816,600 from state regulatory funds for FY2026, citing increased cybersecurity and fraud workloads affecting elderly Idahoans; the governor recommended most but not two IT-focused investigator positions.
The Department of Finance requested six new full-time positions and $816,600 in ongoing funding from state regulatory funds for fiscal year 2026, citing rising cybersecurity threats and increasing fraud targeting older Idahoans.
At a Jan. 21 meeting of the Joint Finance-Appropriations Committee, budget analyst Noah Peterson outlined the agency request and staff structure, saying the department has 72 full-time personnel and operates three bureaus: Financial Institutions, Consumer Finance and Securities. "The Financial Institutions Bureau works with federal and other state regulators to ensure all Bridal chartered financial institutions are compliant with the relevant regulations that govern them," Peterson said while reviewing the agency overview and fund sources.
The agency's enhancement request includes: one IT examiner for the Financial Institutions Bureau; one additional financial examiner for the…
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