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China likely hacked US bank regulator

The computer system at the Federal Deposit Insurance Corporation (FDIC), which guarantees US banking deposits, was "hacked by a foreign government, likely the Chinese" the document released yesterday said.

July 14, 2016 / 13:07 IST
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The Chinese government is believed to have infiltrated computers belonging to a US banking regulator, which employees then tried to cover up, a Congressional report has said.

The computer system at the Federal Deposit Insurance Corporation (FDIC), which guarantees US banking deposits, was "hacked by a foreign government, likely the Chinese" the document released yesterday said.

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According to the report, which was released by the Republican-led Science, Space and Technology Committee, the agency then tried to hide the attacks.

"The FDIC's repeated unwillingness to be open and transparent with the committee's investigation raises serious concerns about whether the agency is still attempting to shield information from production to Congress," the report said.