'Significant Shortfalls' Cited in FDIC's Cybersecurity Policies

An investigation by House lawmakers turned up “significant shortfalls” in a U.S. bank regulator’s cybersecurity policies, leaving it susceptible to stolen private information and regulatory data, House Republicans said. Following a subcommittee hearing on seven cybersecurity breaches at the Federal Deposit Insurance Corp., new information obtained by the House Committee on Science, Space, and Technology indicates the agency may have misrepresented cybersecurity policies, hid information from lawmakers, and has a culture of obstructing whistleblowers.