US banking watchdog likely covered up FDIC hacking

Washington

THE Chinese government likely hacked computers at the US Federal Deposit Insurance Corporation (FDIC) in 2010, 2011 and 2013 and employees at the US banking regulator covered up the intrusions, according to a congressional report on Wednesday.

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.