New York Federal Reserve Bank

NY Fed feared cyber attacks before BB heist

In the years leading up to hackers stealing $81 million from a Bangladesh central bank account at the Federal Reserve Bank of New York, senior Fed security officials examined the risk of such an attack - but judged the prospect unlikely, bank sources said.

May 10, 2016
May 10, 2016

BB heist: FBI suspects insider involvement

US Federal Bureau of Investigation finds evidence that at least one Bangladesh Bank employee acted as an accomplice of hackers. Investigators suspect it was partly an inside job, WSJ reports

May 7, 2016
May 7, 2016

NY Fed feared cyber attacks before BB heist

In the years leading up to hackers stealing $81 million from a Bangladesh central bank account at the Federal Reserve Bank of New York, senior Fed security officials examined the risk of such an attack - but judged the prospect unlikely, bank sources said.

April 17, 2016
April 17, 2016

BB fund: Fed could but failed to stop cyber heist

It seems, had the Federal Reserve Bank of New York been cautious about financial transactions, the hacked funds of Bangladesh Bank could easily be stopped from being transferred to banks in the Philippines and Sri Lanka, and from there to the pockets of the hackers.

March 24, 2016
March 24, 2016

6 Sri Lankans banned from leaving after Bangladesh bank hack

A Sri Lankan court has banned foreign travel by six directors of a foundation that police say was supposed to have received some of the money stolen from Bangladesh central bank's account.

March 24, 2016
March 24, 2016

Conduct thorough probe

US Congresswoman Carolyn B Maloney has raised some serious questions about the New York Federal Reserve Bank's actions regarding the $101-million heist from the Bangladesh Bank account.

March 17, 2016
March 17, 2016

Confusion, panic order of the day

Confusion and panic was the order of the day at the Bangladesh Bank yesterday, a day after its governor Atiur Rahman stepped down and two deputy governors were removed hastily amid strong criticism over the central bank's handling of the $101 million cyber theft.

March 15, 2016
March 15, 2016

Philippine bank let fund withdrawal despite NY bank stop order

The Rizal Commercial Banking Corp. allows the withdrawal of the bulk of the funds suspected to have been stolen by computer hackers from the Bangladeshi central bank despite having received an order from its counterpart banks abroad to stop the payment.

March 15, 2016
March 15, 2016

$101m heist: Atiur quits as BB governor

Bangladesh Bank Governor Atiur Rahman submits resignation letter to the PM amid criticism over the heist of US$101m from the central bank’s account with Federal Reserve Bank of New York by hackers last month.

March 14, 2016
March 14, 2016

Muhith fumes at central bank

Finance Minister AMA Muhith yesterday said he would take action against Bangladesh Bank for keeping him in the dark for more than a month about the theft of $101 million from the BB account with the New York Federal Reserve Bank. The central bank came to know about the incident two days after cyber thieves stole the money from the BB account on February 4 midnight when all the BB staff went on the two-day weekly holiday, according to BB officials.

March 10, 2016
March 10, 2016

Hackers' bid to steal $870m more foiled

The hackers who stole Bangladesh Bank's money were on their way to pull off a heist of about $1 billion, but the banking system responded in time to stop the transfer of $870 million from the central bank's account with the New York Federal Reserve Bank.