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The office of the currency secretary, which regulates and oversees the national bank, said Tuesday it notified Congress of a February hack known as a “major information security incident.”
The violation was first revealed in February when I learned about “an unusual interaction between system management accounts and OCC user mailboxes in an office automation environment.”
According to Bloomberg, hackers have access to more than 150,000 emails after violating the system in June 2023.
“The confidentiality and integrity of the OCC’s information security system is paramount to meeting its mission,” said acting secretary of currency Rodney Hood.
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Washington, DC’s Secretary of Currency (Getty Images)
The OCC first learned about the incident on February 11th. The compromised management account was closed the next day.
“The OCC has found that unauthorized access to emails from many executives and employees contained highly sensitive information about the financial position of federally regulated financial institutions used in the testing and supervision and monitoring processes,” the agency said.
The OCC said it had contacted third-party cybersecurity experts to conduct a review of IT security protocols to prevent future attacks.
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“I have taken immediate steps to determine the full scope of the violation and to remedy the longstanding organizational and structural flaws that contributed to this incident,” Hood said. “We will overlook the full accountability for identified vulnerabilities and internal investigations that have led to unauthorized access.”
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Through that review, the OCC coordinates with the Ministry of Finance to share information about its findings.
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