From: American Banker
WASHINGTON — The confidential living wills of several large banks were taken from the Federal Deposit Insurance Corp. by a departing employee who downloaded the data as part of tens of thousands of records on a zip drive, according to information revealed Thursday by a House subcommittee.
The event took place during the 2015 fiscal year, but was not separately disclosed to Congress until the agency’s federally mandated annual report on information security. Even then, the FDIC provided only vague details on what happened. (Federal agencies are required to report to Congress annually on all cybersecurity incidents.)
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