If
we’ve learned anything in the last few months it’s that seemingly, no
entity is safe from hacking. From banks to ballot boxes (or rather,
voter registration systems), occurrences of high security breaches have
been on the rise. And now, the FBI is investigating how hackers managed
to make their way into computers at the Federal Deposit Insurance
Corporation (FDIC). Unfortunately, this isn’t a new case — it’s been
going on since at least 2010.
As
per a new Reuters reports, FDIC
officials believe the hack was
sponsored by the Chinese military. The breach resulted in dozens of
computers being compromised, including one used by former FDIC
Chairwoman Sheila Bair. Given that the FDIC is one of the key federal
agencies overseeing commercial banks in the U.S. and as such, guards
information on millions of Americans’ deposits, to say that its data is
extremely important would be something of an understatement. The
Corporation also handles confidential plans regarding how major banks
would address bankruptcy.
According
to Reuters, the FBI has now been involved in the probe examining the
breach, though it is unclear how long the investigation has been
ongoing. Also ongoing appear to be cyberattacks upon the regulatory
body. In fact, the FDIC has reported no fewer than seven cybersecurity
incidents deemed “major” between 2015 and 2016. And as per an annual
report from the FDIC, there were 159 incidents of unauthorized computer
access during fiscal year 2015.
FDIC
spokeswoman Barbara Hagenbaugh noted, “We are continuing to take steps
to enhance our cybersecurity program,” and further claimed to be
tightening information security standards. For example, the bank
regulator no longer allows thumb drives, and is said to be coordinating
more closely with the Department of Homeland Security to keep such
breaches from happening in the future.
As
for China’s response to its alleged involvement in the attacks, Chinese
Foreign Ministry spokeswoman Hua Chunying said, “If you have no
definitive proof, then it is very hard for you to judge where the
attacks really come from.”
Source : yahoo.com
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