US attorney in Manhattan probes BB cyber heist | The Daily Star
05:18 PM, June 16, 2016 / LAST MODIFIED: 05:24 PM, June 16, 2016

US attorney in Manhattan probes BB cyber heist

The US attorney's office in Manhattan has opened an investigation of the cyber heist of $81 million from Bangladesh Bank's account at the Federal Reserve Bank of New York, a law enforcement source said.

Preet Bharara, the US attorney for the Southern District of New York, is investigating the February crime, in which criminals used the SWIFT fund-transfer network to steal money from Bangladesh's central bank.

For all latest news, follow The Daily Star's Google News channel.

Bharara's office declined to comment.

The source spoke on condition of anonymity because he is not authorized to speak publicly.

The investigation by the federal prosecutor comes as the FBI and other government agencies are seeking to guard against other cyber thefts.

The Federal Reserve and other financial regulators last week told banks to review cyber-security protections against fraudulent money transfers in the wake of the Bangladesh Bank heist. The FBI last month privately urged banks to look for signs of attempted cyber thefts.

Last week, an FBI official speaking in Washington said the agency is investigating "a number of different tentacles" but does not yet know who committed the Bangladesh crime. The Bangladesh police and other law enforcement agencies also are investigating the largest known cyber heist from a bank.

A US congressional committee has launched a probe into the New York Fed's handling of the heist.

Thieves in early February hacked into the Bangladesh bank's interface with the SWIFT network and peppered the New York Fed with fraudulent payment instructions. The New York Fed transferred $81 million held by Bangladesh Bank to accounts in the Philippines, where it went missing.


Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Type START <space> BR and send SMS it to 22222

Type START <space> BR and send SMS it to 2222

Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News