Officials at the United States Federal Deposit Insurance Corporation, which insures deposits in U.S. banks, made false statements to Congress and failed to make timely notification of serious cybersecurity breaches, according to a U.S. House of Representatives Committee on Science, Space and Technology’s interim staff report. FDIC CIO Lawrence Gross has created a toxic work environment, misled Congress, and retaliated against whistle-blowers, the report claims. The FDIC deliberately evaded congressional oversight, it also says.
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Congressional Committee Report Finds Something Rotten at FDIC
Posted by: Richard Adhikari July 18, 2016 11:31 AMOfficials at the United States Federal Deposit Insurance Corporation, which insures deposits in U.S. banks, made false statements to Congress and failed to make timely notification of serious cybersecurity breaches, according to a U.S. House of Representatives Committee on Science, Space and Technology’s interim staff report. FDIC CIO Lawrence Gross has created a toxic work environment, misled Congress, and retaliated against whistle-blowers, the report claims. The FDIC deliberately evaded congressional oversight, it also says.