Blog | G5 Cyber Security

Fraudulent SWIFT Transfers: Congress Queries New York Fed

A House committee is seeking answers from the Federal Reserve Bank of New York about the recent $81 million SWIFT-related theft from the central bank of Bangladesh. The House Committee on Science, Space and Technology launched its probe after warnings from SWIFT that the heist from Bangladesh Bank’s New York Fed account and related malware attacks were “part of a wider and highly adaptive campaign targeting banks” The deadline for the Fed to respond and brief the committee is June 14. The Bangladesh Bank heist, which came to light in March, initially triggered a war of words, with Bangladeshi officials accusing SWIFT of failing to spot and stop the fraudulent transfers.”]

Source: https://www.cuinfosecurity.com/fraudulent-swift-transfers-congress-queries-new-york-fed-a-9164

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