FBI investigation hack of FDIC: Report
24 Dec 2016
The FBI is investigating the hack of the Federal Deposit Insurance Corporation (FDIC), which happened over several years beginning in 2010, Reuters reported.
The FDIC is one of three federal agencies regulating commercial banks in the US and oversees confidential plans for how big banks would handle bankruptcy. It also had access to records on millions of individual American deposits.
The breach according to senior FDIC officials was sponsored by China's military, according to people with knowledge of the matter.
Hackers were able to gain access to dozens of computers including the workstation for former FDIC chairwoman Sheila Bair, which, also been the target of a probe by a congressional committee.
The banking regulator, last month, allowed congressional staff to view internal communications between senior FDIC officials related to the hacking, according to two people who took part in the review Reuters reported.
