FDIC Is Updating Its Cyber Security Policy After 2015 Data Breach

A congressional committee criticized the FDIC’s handling of more recent data breaches. The U.S. Federal Deposit Insurance Corporation is updating cyber security policies after a 2015 data breach in which a former employee kept copies of sensitive information on how banks would handle bankruptcy, the regulator’s chief said on Thursday. FDIC Chairman Martin Gruenberg also…

Chinese Government Suspected of Hacking into FDIC Computers

WASHINGTON — The Chinese government is believed to have hacked into computers at the Federal Deposit Insurance Corp. in 2010, 2011 and 2013, including the workstation of then-FDIC Chair Sheila Bair, a congressional report says. The report issued Wednesday by the Republican majority staff of the House Science, Space and Technology Committee cites a May…