Reuters – A congressional committee of USA launched an investigation into the Fed's cyber security practices after a Reuters report revealed more than 50 breaches at the US central bank between 2011 and 2015.
The Parliamentary Committee on Science, Space and Technology on Friday sent a letter to Federal Reserve Bank (Fed) Chairman Janet Yellen expressing "serious concern" about the central bank's ability to protect sensitive financial information.
The letter cited the Reuters report, which relied heavily on internal Central Bank records released through a request by the (law) Freedom of Information Act. The revised records do not say who breached the bank's systems, whether they accessed sensitive information or stole money.
"These reports raise serious concerns about the Federal Reserve's cybersecurity posture, including its ability to prevent threats from breaches of highly sensitive financial information housed in the agency's systems," the letter said. , signed by the chairman of the House committee Science Mr. Lamar Smith, and Mr. Barry Loudermilk.
A Bank spokesman said they had received a letter and "will respond to it."
The commission asked the National Bank of America - National Incident Response Team - to hand over all evidence of attacks on the agency from January 1, 2009, to date. It also requested all incident reports from the Central Bank's local incident response teams.
But the investigation into the US Federal Reserve's security practices is not the only one ordered. There will also be a separate investigation by the same committee at the Federal Reserve Bank into New York's handling of the theft of $81 million from one of its accounts, held through the central bank of Bangladesh.
The committee asked for answers to its questions by June 17
