Items tagged with fdic

The FBI is currently investigating a series of cyberattacks on the Federal Deposit Insurance Corporation (FDIC), that they believe the Chinese military to be responsible for. The attacks on high-level employees' computers started in 2010 and resurfaced again in 2011 and 2013. Victims included former FDIC Chairwoman Sheila Bair. The FDIC is one of three institutions responsible for regulating commercial banks in the United States. They manage confidential plans regarding how big banks would deal with bankruptcy. They also have access to the information of millions of individual American deposits. The FDIC allowed congressional staff last month to look at communications between high-level FDIC... Read more...