Hacked: Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, including several described as ‘espionage’
Reuters obtained the Federal Reserve’s cybersecurity reports from 2011 to 2015 through a Freedom of Information Act request
Hacking attempts were cited in 140 of the 310 reports provided by the Fed
In eight information breaches between 2011 and 2013 Fed staff wrote that the cases involved ‘malicious code,’ referring to software used by hackers
Four hacking incidents in 2012 were considered acts of ‘espionage’; Information was disclosed in at least two of those incidents
The central bank plays a critical role in global banking and holds confidential information on monetary policy that drives financial markets
DailyMail.com
1 June 2016
The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as ‘espionage,’ according to Fed records.
The central bank’s staff suspected hackers or spies in many of the incidents, the records show. The Fed’s computer systems play a critical role in global banking and hold confidential information on discussions about monetary policy that drives financial markets.
The cybersecurity reports, obtained by Reuters through a Freedom of Information Act request, were heavily redacted by Fed officials to keep secret the central bank’s security procedures.
The Fed declined to comment, and the redacted records do not say who hacked the bank’s systems or whether they accessed sensitive information or stole money.
‘Hacking is a major threat to the stability of the financial system. This data shows why,’ said James Lewis, a cybersecurity expert at the Center for Strategic and International Studies, a Washington think tank. Lewis reviewed the files at the request of Reuters.
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