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The FDIC Computer Intrusion Report

Last week, Security Fix featured the highlights from a non-public report by the Federal Deposit Insurance Corp. (FDIC) that examined a huge recent spike in the cost of computer intrusions for banks and consumers. I chose not to publish the report itself at the time, but due in part to the large number of requests I've received from people inside the financial sector who claim to have never seen such figures from the government before, I've decided to release a slightly redacted version of it (the original version contained a number of case studies that included potentially sensitive data about ongoing law enforcement investigations).

FDIC Division of Supervision and Consumer Protection: Cyber Fraud and Financial Crime Report, November 9, 2007 (as of June 30, 2007) (Doc). For those who don't have Microsoft Word, a less attractive HTML version of the report is available here.

I should note that while the report centers on cyber fraud, there are other aspects of bank fraud detailed in this report that may be of interest for reporters or fraud analysts in other sectors. For example, the study includes data showing a sizable increase in new account fraud using completely fabricated identities, which are turn used for check kiting and fraud "bustout" fraud schemes. Also, the report includes recent figures on mortgage fraud rates.

By Brian Krebs  |  March 5, 2008; 10:12 AM ET
Categories:  Fraud , U.S. Government  
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BK - you are the man. Your beers are always on me.

There is a serious lack of intel sharing between some agencies and their constituents. At the minimum you have brought some of that to light and made this an issue.



Posted by: MR | March 5, 2008 10:46 AM | Report abuse


The document is listed as PDF in your column, but when I click on it comes up as a word document, which unfortunately my machine isn't able to read!

Thanks for any help

Posted by: Kfritz | March 5, 2008 12:20 PM | Report abuse

Yeah, Kfritz, that should have read .Doc. I have fixed that, and added an HTML version in the text above.

Posted by: Bk | March 5, 2008 1:25 PM | Report abuse

You can read Microsoft Word Documents by downloading the free Word Viewer from Microsoft (google "word viewer 2007"), or install the free office suite (, which does nearly everything in Microsoft Office.

Posted by: rigglenuts | March 5, 2008 6:35 PM | Report abuse

Thanks Brian and Rigglenuts.

Posted by: kfritz | March 6, 2008 12:24 AM | Report abuse

Thank you. You've made my life easier today.

Posted by: RKL | March 6, 2008 9:30 AM | Report abuse

On the html version all images come up as broken links. (Firefox)


Posted by: kdt | March 7, 2008 9:19 AM | Report abuse

Overdue, but welcome.

Thanks, Brian

Posted by: Chris | April 3, 2008 12:42 PM | Report abuse

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