Here's an entry for our "laugh or cry" series:
A massive data breach that began under the Biden administration was just now discovered at the Office of the Comptroller of the Currency (OCC), one of the biggest bank regulators. This means hackers have had access--for years--to sensitive data on American financial institutions.
Yet, while the hack was already well underway, OCC's Acting Comptroller under the Biden administration, Michael Hsu, gave a speech boasting that their supervisors have been busy "examining and pushing banks to improve their cyber, operational, and IT risk management..."
Regulators were bashing banks for supposedly lax security practices while their own systems had been compromised. This is the Laurel and Hardy agency that wants more power over the banks?
