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China hacked the FDIC - and US officials covered it up, report says
CNN ^

Posted on 07/13/2016 5:39:54 PM PDT by TigerClaws

July 13 NEW YORK China's spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 -- and American government officials tried to cover it up, according to a Congressional report. The House of Representative's Science, Space and Technology Committee released its investigative report on Wednesday

(Excerpt) Read more at money.cnn.com ...


TOPICS: Crime/Corruption; Foreign Affairs; Government; News/Current Events
KEYWORDS: china; fdic

1 posted on 07/13/2016 5:39:54 PM PDT by TigerClaws
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To: TigerClaws
Federal IT is the worst IT.

Security costs money and it's hard. So they mostly don't bother.

2 posted on 07/13/2016 5:41:26 PM PDT by ClearCase_guy (The official language of the United States should be Arabic. It's clear that our government is.)
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To: TigerClaws

Hacked? Ha! Hillary and the Serial Rapist made bank.


3 posted on 07/13/2016 5:42:26 PM PDT by DAC21
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To: TigerClaws

....shouldn’t surprise anyone. Hilda
probably sold them access for a $10
donation to the foundation


4 posted on 07/13/2016 5:51:01 PM PDT by Doogle (( USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: TigerClaws

Is there ANYTHING left?


5 posted on 07/13/2016 5:56:20 PM PDT by Don Corleone (Oil the gun, eat the cannolis, take it to the mattress.)
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To: Don Corleone

Without even looking at the Original Post.

I bet it’s from ZeroHedge?


6 posted on 07/13/2016 5:59:51 PM PDT by Zeneta
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To: Zeneta

At least it proves I didn’t look.


7 posted on 07/13/2016 6:00:39 PM PDT by Zeneta
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To: TigerClaws
Gruenberg is going to be hung out to dry. The Hilldebeest? ...Not so much...
8 posted on 07/13/2016 6:12:38 PM PDT by immadashell (Save Innocent Lives - ban gun free zones)
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To: TigerClaws

Aid and comfort....

Someone(s) needs to go down for treason.


9 posted on 07/13/2016 6:24:46 PM PDT by Carl Vehse
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To: TigerClaws

They said that the Chairman and General Counsel got hacked, but the GC’s post was vacant during the time period specified. And there were two different Chairmen.

So the story probably needs some more work.


10 posted on 07/13/2016 6:26:07 PM PDT by PAR35
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To: TigerClaws

Hey, as long as they didn’t INTEND to be hacked, well then there’s no problem.

Right?


11 posted on 07/13/2016 6:31:20 PM PDT by gaijin
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To: ClearCase_guy

When your hiring criteria are focused on anything other than getting the best people for the job, you rarely do.


12 posted on 07/13/2016 6:39:53 PM PDT by Trod Upon (Government employees and welfare recipients are both net tax consumers. Often for life.)
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To: TigerClaws
To clarify the article: The FDIC covers the banks that the Federal Reserve OR the OCC do not cover.

It appears to be limited to banks the FDIC directly regulated, but it would not surprise me if banks the other regulators cover, if being shut down, had their information in scope. The FDIC winds down all banks, in the end.

The type of information bank regulators gather on bank customers that would be a potential privacy risk largely amounts to details around those with the biggest loans or deposits. Banks do have to give regulators copies of audits, which includes information security audits. These could inform on ways to take advantage of vulnerabilities, if not yet remediated.

On a positive note, GLBA has been around for a long time and banks now have decent controls in place to protect us.

It's just regulators that have never had to swallow their own medicine.

13 posted on 07/13/2016 6:41:17 PM PDT by ConservativeMind (If 0bama had a son...he would be killing people.)
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To: TigerClaws

Their password was probably “FDIC.”


14 posted on 07/13/2016 6:47:17 PM PDT by From The Deer Stand (Alka)
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To: ClearCase_guy

Wasn’t this the same time they spent a billion dollars on the Obamacare website?


15 posted on 07/13/2016 8:32:33 PM PDT by Tai_Chung
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