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Beijing behind FDIC hacking

hackingThe Chinese government is said to be behind the hacking of computers at the Federal Deposit Insurance Corporation in 2010, 2011 and 2013 and employees at the U.S. banking regulator covered up the intrusions. These facts were revealed in a recent congressional report. 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 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. The report did not provide specific evidence that Beijing was behind the hack. A cyber security expert who has helped investigate some of the breaches uncovered to date, said he did not see convincing evidence in the report that the Chinese government was behind the FDIC hack.

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