Likely hack of U.S. banking regulator by China covered up: probe

The report cited an internal FDIC investigation as identifying Beijing as the likely perpetrator of the attacks, which the probe said were covered up to protect the job of FDIC Chairman Martin Gruenberg, who was nominated for his post in 2011. "The committee's interim report sheds light on the FDIC’s lax cyber security efforts," said Lamar Smith, a Republican representative from Texas who chairs the House of Representatives Committee on Science, Space and Technology. "The FDIC's intent to evade congressional oversight is a serious offense." The report was released amid growing concern about the vulnerability of the international banking system to hackers and the latest example of how deeply Washington believes Beijing has penetrated U.S. government computers.

Original story here.

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