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…

New FCC Rules Will Protect Undersea Cables From Natural Disaster and Cyberwarfare

It’s easy to forget about the submarine cables that lie beneath our oceans, but without them, the world would come to a standstill. The cables that connect six of the Earth’s continents are vitally important, accounting for more than 95 percent of phone calls, internet service, and data traffic between the United States and the…

China Moves Closer To Passing Controversial Cybersecurity Law

China moved closer on Monday to adopting a controversial cybersecurity law, after parliament held a second reading of the draft rules, which carry significant consequences for domestic and foreign business and threaten greater censorship. China enforces widespread controls over the internet that it has sought to codify in law, and Chinese laws often go through…