The US Federal Reserve cannot protect insider information about the economy and the Washington’s monetary policy from Chinese hackers and spies, Reuters writes with reference to sources.
In a report prepared by the Republican apparatus of the Senate of the United States, an emphasis is on the fact that the Fed does not have systems of counteracting the PRC spy. Researchers used the reports of the most central bank that have been published in recent years.
For more than ten years, China through a network of its informants has been collecting insider information about the economy and the monetary policy of the States.
The report indicates that the Central Bank of the United States and other independent banking organizations has many people in touch with China. Through them, according to the authors of the report, China is trying to influence the Fed.
Under suspicion, everyone who traveled or studied in China has a family there or received grants from the PRC government. Fed’s chairman Jerome Powell rejected all statements about the vulnerability of the banking system. “We respect any proposals about the opposite,” he said.
The report states that the Fed should strengthen their counterintelligence efforts and more closely cooperate with the FBI.