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…

Northrop Grumman’s Has a $2 Billion Cybersecurity Business. Here’s What it Looks Like.

Here’s what’s in a portfolio that one company executive said is largely “restricted” and “hard for us to talk in too much detail about.” Northrop Grumman Corp. Chief Financial Officer Ken Bedingfield says a lot of the company’s cybersecurity business is “restricted” and “it’s hard for us to talk in too much detail about it.”…

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…