Cyber Security

Hackers steal $100 million from Bangladesh account at NY Fed

“Hackers stole $100 million from the account of Bangladesh’s central bank at the Federal Reserve Bank of New York last month, laundering the purloined funds through Sri Lankan banks and casinos in the Philippines.

Bangladesh officials are blaming the New York arm of the U.S. central bank for allowing the transfer to go through and on Tuesday threatened to sue, but are also reportedly investigating whether the theft was an inside job by employees who had access to the proper transfer codes. The Fed has denied that its systems were hacked. “

Source: Hackers steal $100 million from Bangladesh account at NY Fed – Yahoo Finance

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