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Idaho Finance Department requests six examiners focused on cybersecurity and consumer fraud; governor declines two positions

2305203 · January 21, 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 Department of Finance told the Joint Finance-Appropriations Committee it seeks six new full-time positions—mostly cybersecurity and exam-focused—to address rising fintech and elder fraud cases. The governor recommended all but two of the requested positions; lawmakers asked the agency for workload data to measure results.

The Department of Finance asked the Joint Finance-Appropriations Committee on Jan. 21 for six new full-time positions and related one‑time capital outlay to expand cybersecurity and investigative capacity aimed at fintech, mortgage and consumer fraud.

The request would add six FTPs and $816,600 from state regulatory funds, including positions described by agency staff as IT examiners, financial examiners, two ‘‘financial investigator 3’’ roles focused on IT examinations, a cybersecurity specialist for the securities bureau and a forensic-accounting examiner. The agency also requested $52,600 in one-time OITS‑recommended hardware (laptops, docking stations and portable field monitors). Budget analyst Noah Peterson said the governor recommended the enhancements except for the two ‘‘financial investigator 3’’ positions proposed for the…

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