US govt bank insurer ‘covered up China hack to protect top boss’

Shaun Nichols reports:

The US Federal Deposit Insurance Corporation – a government agency tasked with safeguarding citizens’ bank accounts – deliberately covered up a cyberattack by China to protect its incoming chairman.

This is according to a damning report from Republican members of the US House Committee on Science, Space and Technology, who slammed the bank insurer’s handling of its IT security breaches.

The scathing dossier claims that FDIC staffers were instructed by CIO Russ Pittman to not discuss network intrusions by “a foreign government, likely the Chinese” to avoid derailing Martin Gruenberg’s succession from vice-chairman to chairman of the agency. The corporation’s systems were attacked in 2010, 2011 and 2013.

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