Reuters: US Fed had more than 50 cyber breaches between 2011 and 2015

Dive Brief:

A Reuters Freedom of Information Act request revealed that the U.S. Federal Reserve identified more than 50 data breaches between 2011 and 2015.
In several of the incidents, the Fed suspected hackers or spies, according to the records, although it’s unclear if any foreign governments were suspected.
The Fed declined to comment on the heavily redacted cybersecurity information Reuters obtained.

Dive Insight:

The records Reuters obtained only contained information on cases involving the Board of Governors, a federal agency subject to public records laws. Therefore, it’s possible there could be many additional cyberattacks. The security of the Fed is critical to financial systems worldwide.

In all, the Fed's cybersecurity experts identified 51 cases of "information disclosure" involving the Fed's board, Reuters said.

The information comes at a time of heightened cybersecurity concerns at financial institutions worldwide. In February, hackers stole $81 million from a Bangladesh central bank.

Many banks have been trying to add people with tech experience to their leadership teams to help deal with a growing number of tech-based problems, including cybersecurity concerns. A report released by Accenture last October found only 6% of directors that oversee the world's biggest banks have any substantial tech experience.