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…

Swift Hires Cybersecurity Firms Following Customer Breaches

Swift, operator of the world’s largest money-transfer system, said it has hired a pair of information-security firms to help it scrutinize customers’ use of its systems and detect attempted hacks, following a series of breaches at user sites in recent months. The Brussels company, whose full name is the Society for Worldwide Interbank Financial Telecommunication, has been…

China Denounces Pentagon Report That Cited Cyberwarfare Threat – Bloomberg

China is denouncing interpretations of its military operations in the East and the South China Sea contained in a new new U.S. Defense Department report that spotlighted a focus on cyberwarfare. The report “deliberately distorted” China’s defense policy and legitimate actions, spokesman Yang Yujun said in a statement posted Saturday on the Chinese defense ministry’s official…