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…

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European Commission launches EU-U.S. Privacy Shield: Stronger Protection for Transatlantic Data Flows

Today the European Commission adopted the EU-U.S. Privacy Shield. This new framework protects the fundamental rights of anyone in the EU whose personal data is transferred to the United States as well as bringing legal clarity for businesses relying on transatlantic data transfers. Andrus Ansip, Commission Vice-President for the Digital Single Market, said: “We have approved…

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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…

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