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June 3, 2016

US Central Bank Records Show 50 Cybersecurity Breaches Since 2011

Over 50 known cybersecurity breaches were detected by the U.S. Federal Reserve between 2011 and 2015, Fed Reserve records have revealed.

The United States Federal Reserve, the country’s central bank, has detected over 50 cybersecurity breaches between 2011 and 2015 alone.

Several espionage incidents were detected, with staff suspecting foreign hackers or spies involved in many of the incidents, according to the report obtained by Reuters.

The Fed Reserve’s computer network plays a notably critical role in the global banking framework and often holds confidential information on discussions about monetary policy. Such data is often the fabric that weaves and drives [...]

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