Silver as an investment

The Fed Was Hacked More Than 50 Times Between 2011 And 2015

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

zerohedge.com / by Tyler Durden / 1 June 2016

In the aftermath of the bizarre SWIFT hack that supposedly allowed brazen Asian hackers to steal $81 million from the account of the Bangladesh central bank held at the Fed, attention has predictably shifted to the question of whether there was just “one cockroach.” As it turns out there were at least 50. As Reuters reports, citing Fed records, “the U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as “espionage.”

The cybersecurity reports, obtained by Reuters through a Freedom of Information Act request, were heavily redacted by Fed officials to keep secret the central bank’s security procedures. Reuters notes that in all, the Fed’s national team of cybersecurity experts, which operates mostly out of New Jersey, identified 51 cases of “information disclosure” involving the Fed’s board. Separate reports showed a local team at the board registered four such incidents.

According to Reuters, the records represent only a slice of all cyber attacks on the Fed because they include only cases involving the Washington-based Board of Governors, a federal agency that is subject to public records laws. Reuters did not have access to reports by local cybersecurity teams at the central bank’s 12 privately owned regional branches. Hacking attempts were cited in 140 of the 310 reports provided by the
Fed’s board. In some reports, the incidents were not classified in any
way.

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Thanks to BrotherJohnF