Officials at the United States Federal Deposit Insurance Corporation, which insures deposits in U.S. banks, made false statements to Congress and failed to make timely notification of serious cybersecurity breaches, according to a U.S. House of Representatives Committee on Science, Space and Technology's interim staff report. FDIC CIO Lawrence Gross has created a toxic work environment, misled Congress, and retaliated against whistle-blowers, the report claims. The FDIC deliberately evaded congressional oversight, it also says.