House Science panel leaders criticize FDIC over cybersecurity

House Science Chairman Lamar Smith (R-TX) and Science oversight subcommittee Chairman Barry Loudermilk (R-GA) chastised the Federal Deposit Insurance Corporation for a lack of cybersecurity protections and response plans, in a letter sent to FDIC Chairman Martin Gruenberg last week requesting explanation of actions the agency will take to improve security.

The letter comes after Gruenberg announced during a congressional hearing in July a series of data breaches that compromised agency data, and pledged to Congress that the FDIC would...