China hacked the FDIC | Emergency Preparedness | Forums

And they covered it up

China's spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 -- and American government officials tried to cover it up, according to a Congressional report.

The House of Representative's Science, Space and Technology Committee released its investigative report on Wednesday.

It presents the FDIC's bank regulators as technologically inept -- and deceitful.

According to congressional investigators, the Chinese government hacked into 12 computers and 10 backroom servers at the FDIC, including the incredibly sensitive personal computers of the agency's top officials: the FDIC chairman, his chief of staff, and the general counsel.

When congressional investigators tried to review the FDIC's cybersecurity policy, the agency hid the hack, according to the report.

Investigators cited several insiders who knew about how the agency responded. For example, one of the FDIC's top lawyers told employees not to discuss the hacks via email -- so the emails wouldn't become official government records.

FDIC Chairman Martin Gruenberg is being summoned before the Congressional committee on Thursday to explain what happened.

The FDIC refused to comment. However, in a recent internal review, the agency admits that it "did not accurately portray the extent of risk" to Congress and recordkeeping "needs improvement." The FDIC claims it's now updating its policies.

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