China Hacked US Banking Regulator From 2010 Until 2013 - and US Officials Covered It Up: Report (reuters.com)

According to a Congressional report, China's spies hacked into computers at the Federal Deposit Insurance Corporation (FDIC) from 2010 until 2013. The report adds that American government officials tried to cover it up. From a Reuters report: "Even the former Chairwoman's computer had been hacked by a foreign government, likely the Chinese," staff at the U.S. House of Representatives Committee on Science, Space and Technology said in the report. The report was the latest example of how deeply Washington believes that Beijing has penetrated U.S. government computers. But while making the allegation that China was the culprit, the report does not provide specific evidence to support that conclusion.

Comments

So -

[Black Parrot]

Is this announcement about cybersecurity, or just a card played in the game of South China Sea?

Re:So -

[OfficeLackey]

Card played... ...and I think we've got aces and eights.

Re:So -

[MachineShedFred]

No, this is probably a story telling the world that China knows more about the US banking system and regulatory agency, than anyone inside of the US banking system and regulatory regime.

Re:So -

[sabbede]

Yes.

GG China

[Master5000]

I wish I was a chinese right now, they are the coolest nation ever. They just do as they please. I'm sure they could crush USA in a war.

Re:GG China

[binarylarry]

Sure, if by "crush" you mean "get roflstomped in 48 hours by the"

Re:GG China

[Hognoxious]

You think you'd be the tank driver. You're more like shopping bag guy, but without the courage.

Re:GG China

[NatasRevol]

I recall people saying the same thing in 2002 about al quaeda.

We're still fighting there...

Re:GG China

[MachineShedFred]

Fighting a nation-state is exactly the same as fighting people who spend their lives trying to be hidden.

Re:GG China

[khallow]

Nuclear war: The US nukes China. 500 million die.

Why would only 500 million people die? Anyone, willing to start a nuclear war with China while expecting the usual retaliatory nuclear strikes, and which has the number of warheads that the US has, will probably be aware of the future strategic problem (from their aggressor point of view) of leaving lots of survivors in China.

Re:GG China

[jandersen]

I wish I was a chinese right now, they are the coolest nation ever. They just do as they please. I'm sure they could crush USA in a war.

There are many, good reasons for admiring the Chinese and perhaps even their government, but being able to do whatever you please is probably not one of them; it mostly leads to arrogance and carelessness - as they say, "pride stands before a fall". Well, look at America's history since WWII.

That said, I don't think China have ambitions about taking over the world by force - why would they, when they can simply keep increasing their political influence through finance, industry, science etc etc? But I think I can spot a good reason why they are being pushy in the South China Sea: they feel they are hemmed in by the US, who have a strong, military and political presence all along the edge of the area - South Korea, Japan, Taiwan, the Philippines and so on. The US didn't feel at all comfortable with USSR having too much influence on Cuba, so you guys should understand the sentiment.

Re:GG China

[NatasRevol]

Perhaps you don't recall folks saying we were going to "glass over" the middle east.

Re:GG China

[HBI]

I assure you that while your 48 hour claim is correct (Iraq took 3 weeks to conquer), China could be forced to sue for peace in roughly the same time frame.

Productive capacity is irrelevant in modern war. It's over too fast.

A likely endgame is drone-based supply route interdiction followed by an unpalatable choice for the Chinese government - let the country starve to death or launch nuclear weapons. They'll sue for peace first, would be my guess, they can't survive a nuclear exchange and they know it.

Re:GG China

[HBI]

I was one of them, at least urging it. If we had, we'd have saved a lot of trouble. The place is the hemorrhoid of the earth. Nuclear weapons are Preparation H.

I retain that opinion after a year on the ground in Iraq in 07-08.

Re:GG China

[NatasRevol]

You're a good human. /sarcasm

Re:GG China

[HBI]

They're all going to live in misery and die anyway, so might as well fix a problem with the deaths. The problem is insoluble. Everyone thinks they own the same land due to some past possession and none are willing to compromise an inch.

Re:GG China

[NatasRevol]

Again, you're a dick. Mass murder is not a solution, unless you're Trump level of stupid.

It is nice that you choose to show it so clearly though.

Re:GG China

[HBI]

I'm just a realist, and your head is in the clouds. You may or may not come down to earth, but I assure you that I am right and you are completely wrong. The only solution to human problems is death. All the four horsemen of the apocalypse are represented, but they all lead to death, and only the death of one side in a conflict eliminates the conflict.

If you studied history very carefully, you'd come to the same conclusion. But you'll avoid it and moralize instead. Which is why the world is so full of unsolved problems - indecision disguised as scruple.

Re:GG China

[NatasRevol]

You have yet to say how you've been granted the right to exterminate a large population of people who sometimes fight. Half a world away from us.

Imagine if France did that to us during the Civil War.

And you're still an egocentric, arrogant murderer-wannabe.

On the bright side

[Tyrannicsupremacy]

At least we're giving them plenty of business and trade deals. My conscience is clear. I for one welcome our new Oriental Overlords.

What's the US doing?

[Anonymous Coward]

This kind of coverup generally means there's something going on *against* the Chinese. Both sides are probably fist deep in each other's ass, and neither is quite ready to pull out yet.

thats nothing,

[nimbius]

i heard an american scooped up tons of classified data and put it on her personal email server, and then they made her president.

Re:thats nothing,

[Tharkkun]

i heard an american scooped up tons of classified data and put it on her personal email server, and then they made her president.

Hilary's private email server is sounding more secure than the governments each passing day.

Re:thats nothing,

[Anonymous Coward]

i heard an american scooped up tons of classified data and put it on her personal email server, and then they made her president.

We can only hope...

And it's morons like YOU that keep the elite entitled-from-birth 1% like Crooked Hillary! in power.

Re:thats nothing,

[JoshuaZ]

And it's morons like YOU that keep the elite entitled-from-birth 1% like Crooked Hillary! in power.

Hillary Clinton's father ran a small business in a small town https://en.wikipedia.org/wiki/Hillary_Clinton#Early_life_and_education. She and Bill Clinton clawed their way up to where they are today. There are problems with Hillary by being "entitled-from-birth 1%" is definitely not one of them.

Re:thats nothing,

[JoeMerchant]

But at least with Trump you can at least realistically HOPE for some real CHANGE.

Where have we heard that before.... Oh yes, 2008.

Too bad the US voters are so predictable, I'd really like to see both of our party nominees lose this time.

Re:thats nothing,

[cant_get_a_good_nick]

Trump, son of a millionaire real estate developer, is somehow not entitled since birth? A person who took a loan of a million back in 1978 could call that a small amount, is not entitled? A person who took advances on an inheritance...

Re:thats nothing,

[cant_get_a_good_nick]

I know i'll get downmodded (probably from both sides)...

But i remember an election in Louisiana, between a white supremacist, and a corrupt politician. A slogan was "Vote for the crook; it's important!"

The crook did win... and later he was in fact indicted on something.

I don't think Hillary is a crook, at least not in the corrupt sense. I think the email server thing was a "I hate State Department IT, it's so bad" and she did what she shouldn't have done. It's criminal.

But i'd still rather have her warts than the gigantic holes in knowledge and ability that Trump has.

The daily coverup

[Tailhook]

Yesterday we learned the State Department destroyed public records concerning the illegal use of US government funds to campaign against Netanyahu. We are, once again, expected to believe that State Department officials are somehow blithely ignorant of their obligations to retain government records. We are expected to believe the correlation between deleted messages and illegal activity is purely coincidental. Just saving a little space in the inbox.

Problem is they are playing Go, we play Poker

[WillAffleckUW]

I recommend we stop playing either game and move on to Pokemon GO, as this will confuse them and keep our banks free to loot America

Anybody surprised?

[WindBourne]

Seriously, china is in a cold war with the west. So, they are going to do everything that we allow them to do, though I am not certain why we allow this.
BUT, it is not much different than what is happening with India. We see all of these backdoors going into our corporate software which is then traced to 'Russia', and nearly all of these have 2 things in common. The first is that they run Windows, and the Second is that within the previous 2 years, normally 1, the company outsourced to India. Not any other nation, just India. And why does this matter? Because the average Indian IT worker makes less than $10,000. It should not be surprising then that backdoors come in from India, which are then removed by Russians and replaced with different ones.
Just 20-30 years ago, it was well known that any massive pay difference would lead to ppl being bought. And Russia remains good friends with India and can travel freely over there (and they do). So, America not only allows numerous nations to manipulate and dump on their markets, but then also, we KNOWINGLY allow attacks from both China AND India.

Re:Anybody surprised?

[WindBourne]

china finances so little of our debt that it is a joke.

Re:Anybody surprised?

[WindBourne]

first off, show me the bills in which Obama runs up massive spending. You can not do it.
Secondly, China owns less than 1.4T and it continues to drop.
As to your racists rant, I think that you must have misposted. I believe that you wanted the KKK or NAZI pages that you had up.

Re:Anybody surprised?

[nohup]

Uhh... the OP said "They owns us financially thanks to our over spending (both parties are culpable)". He didn't say just Obama had done it. Obama has preserved the status quo on spending, which is in fact over-spending by a large degree and running up large debts just as prior administrations have done. As far as bills go, yes there are large spending bills, just look at each year's annual budget bill and compare that to annual tax revenue. It's not for no reason that we have large annual deficits every year.

That's different

[future assassin]

She a rich American politician, she has a higher level of citizen status. Now get back to your stable lower class citizen.

Re:That's different

[Hognoxious]

Now get back to your stable lower class citizen.

Heard of a comma?

No, it's not what you're in.

Re:That's different

[future assassin]

No sir I haven't is it a new emoticon or something?

Doesn't matter. Hillary will NOT be indicated. End

[laserhead]

Doesn't matter. Hillary will NOT be indicated. End of the story. Cyber security? What's that?

broplem?

[Anonymous Coward]

If I owe $50,000 to the bank, I have a problem.
If I owe $50,000,000 to the bank, the bank has a problem.

solution

[Anonymous Coward]

The obvious solution to this problem is more backdoors. /s

Oh shit no wonder

[Spy Handler]

My bro is one of the higher-ups at FDIC. When talking to him last Sunday evening (3 days ago), he said he had to go to work earlier in the day but didn't say why. Which in retrospect is highly unusual, these government career bureaucrats almost *never* work on Sundays.

Re:CIO of FDIC should be indicted.

[BlueStrat]

The FDIC is a private corporation serving private banks who use the private entity known as the Federal Reserve to earn a spread on your deposits.

How the whole Federal Reserve system came to be and who created and runs it is some deeply disturbing shit. Add the fact that the US has no gold reserves, not even the gold they supposedly hold for other nations. It's all been looted.

A good read on the history behind the creation of the US Federal Reserve is "The Creature From Jekyll Island: A Second Look At The Federal Reserve" by G. Edward Griffin.

https://archive.org/details/Cr...

Strat

Que surprise. The government lied to us!

[Chas]

Is anyone really and truly surprised that the government has been lying to us for years?

Especially this Obama government? Say one thing, do another. Or, if possible, just never say anything at all...

This is typical of Chicago Machine politics. "Thou Shalt Not Get Caught" is the primary rule.

Re:CIO of FDIC should be indicted.

[radicimo]

Started this thread as AC at work earlier today. I do not want my original point to be buried in the comment system but do agree with the follow-on comments and own the Creature from Jekyll Island already. We're on the same page there.

I work as a security professional. The criminal negligence we continue to see at all levels of government and quasi-government within the realm of "cyber security" is shocking. If Obama (and the Democratic Party by extension) is serious about cybersecurity, his AG would indict the CIO of the FDIC. There is enough evidence in the complaint to do so. It is a slam dunk.

1. The Chief Information Officer (CIO) has created a toxic work environment, misled Congress, and retaliated against whistleblowers.

2. The FDIC deliberately evaded Congressional oversight.

3. The FDIC has historically experienced deficiencies related to its cybersecurity posture and those deficiencies continue to the present.

The China part of the story is a distraction by the propagandists. Lawrence Gross appears guilty of criminal behavior as much, if not more, than the Chinese. As I first read the report, I thought this man should no longer have his job and should be blackballed. The more I read, the more I thought it requires an indictment. Doubt it will happen, but if nothing else FISMA violations and lying in sworn testimony to Congress should result in penalties of a high order. He apparently chased off all the people at FDIC who gave a shit about security. WTF?

Re:CIO of FDIC should be indicted.

[BlueStrat]

The criminal negligence we continue to see at all levels of government and quasi-government within the realm of "cyber security" is shocking.

Sadly, the criminality is not limited to government "cyber security", but pervades every government branch and agency and both major parties.

As far as the Chinese connection goes, one has to wonder what exactly all those laundered & bundled "donations" from the Chinese to Democrat campaigns, foundations, PACs, etc etc were intended to buy?

There are also many disparate groups who wish to collapse the US, each in service to their own agenda, but with many interim goals in common (and the enemy of my enemy...) and the banking/currency system is one of the prime targets in any such effort.

I don't get what's so hard for people to understand. Government is just people and people suck (basic human nature has not changed much in over 5,000 years) and seek wealth & power over duty, so the only practical way to keep government relatively honest and in-check is to make government as weak, decentralized, and local as possible so that those in government have very little to sell in the way of power/influence/control and know they face actual prosecution if they are caught, while also making it less attractive for those who might want to buy influence.

Strat

Comes with a box of tin foil

[ThatsNotPudding]

A good read on the history behind the creation of the US Federal Reserve is "The Creature From Jekyll Island: A Second Look At The Federal Reserve" by G. Edward Griffin

.

After that book, delve into his other 'facts':

https://en.wikipedia.org/wiki/G._Edward_Griffin#Cancer.2C_chemtrails.2C_and_AIDS_denial

Re:Comes with a box of tin foil

[BlueStrat]

After that book, delve into his other 'facts':
[link]

But, that's not the book under discussion. Just as Metallica sucking since they sold out doesn't make their earlier works less good, what someone writes in one book does not affect the accuracy or insightfulness of another book.

Please point out to us the factual errors in "The Creature From Jekyll Island" if you want to make a relevant reply. "But...but...look at this other thing he wrote at a different time!" has no relevance...good, bad, or indifferent...to the work being discussed.

Strat

Re:While I will give you Vietnam...

[HBI]

No, Vietnam was a combat between a nationalist Vietnamese side and a colonial successor puppet government. The South Vietnamese government lacked legitimacy and identification with the Vietnamese people. It was an artificial creation. It died the death it did for that reason, despite much blood and treasure expended trying to demonize the Ho government and prop up Saigon.

The Ho Chi Minh government in the North weren't very good Communists, because that wasn't what they were at heart. They were Vietnamese nationalists.

Mind you, i'm no leftist, but the above is accurate.