US Federal Reserve Suffered More Than 50 Cyberattacks In 2011-2015

More than 50 cyberattacks on the US Federal Reserve network were recorded between 2011 and 2015, says Reuters, quoting a report it obtained from the bank citing the Freedom of Information Act. The records, involving only the Washington-based Board of Governors, are for incidents that include espionage and hacking.

Of the 310 records given by the Fed, 140 are classified as hacking attempts and eight as information breaches involving “malicious code.” Four hacks in 2012 were identified as espionage, while 51 breaches were identified as information disclosure. 

The Fed has come under attack from an audit which alleges it is not adequately scanning databases for vulnerabilities. Its cybersecurity is provided by National Incident Response Team (NIRT), which created 263 of the records acquired by Reuters.

A former NIRT employee said the bank was “compromised frequently,” especially during 2010-2011 when it went on a $600 billion bond-buying spree.

For more, read the Reuters report here.