3/12/2013 - WASHINGTON (AFNS) -- A free iPhone app for the Thrift Savings Plan available at the Apple App Store could pose a security risk, program officials warned.
A notice on the Thrift Savings Plan website says the "TSP Funds" app, which asks participants for their account login information, is not sanctioned.
"This app is not being offered through the TSP, and the TSP does not recommend using this application to access your TSP account," the notice says. "Providing this information could result in a security risk to your account."
The Thrift Savings Plan is a retirement savings and investment plan for federal employees and members of the uniformed services, including the Ready Reserve. It was established by Congress in the Federal Employees' Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans.
(Courtesy of American Forces Press Service)
Comments
4/25/2013 11:53:07 PM ET There are literally hundreds of online services that can access TSP account information. The key is to protect your login and change passwords regularly. This is not really news.
Flyer, Offutt AFB
3/18/2013 12:04:00 PM ET Anyone with the know how can create an app and sell it in the app store. Apple doesn't create all of the apps.
Medic, Hurlburt
3/14/2013 1:32:23 PM ET Is the app somehow malicious Or did Apple simply fail to gain permission from proper approving officials before production and release of the app
