Lawmakers Criticize FDIC Cybersecurity Policies

From: The Wall Street Journal

Hearing in Congress focuses on two of the major breaches that occurred within the past seven months

ByDonna Borak

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Thursday’s hearing focused on two of the major breaches that occurred within the past seven months—one in February 2016 and the other in October 2015, compromising personal data of 44,000 bank customers and 10,000 bank customers, respectively.

This week, the FDIC retroactively reported five additional major breaches to the committee. One of those instances included an employee who retired from the FDIC and took three portable storage devices containing the personal information of more than 49,000 individuals.

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