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Top Democratic senator probes SWIFT, NY Fed about Bangladesh heist
Source: Reuters
Politics | Thu May 19, 2016 1:59pm EDT
Top Democratic senator probes SWIFT, NY Fed about Bangladesh heist
BY DUSTIN VOLZ AND SWETA SINGH
The Senate Homeland Security Committee's top Democrat sought information Thursday from global financial network SWIFT and the Federal Reserve Bank of New York on steps being taken to bolster cyber security in the wake of the theft of $81 million from the central bank of Bangladesh.
Senator Tom Carper of Delaware requested that both answer questions and brief his staff by June 17 on how they were handling issues following the February heist, during which hackers wired money out of an account at the New York Fed held by Bank Bangladesh, as well as how they were safeguarding against other potential cyber threats.
"These cyber attacks raise important questions about the security of the SWIFT system and the ability of its members to prevent future attacks," Carper wrote in his letters.
The inquiry comes as policymakers, regulators and financial institutions around the world increase scrutiny into the heist at Bank Bangladesh and a separate attempt to use fraudulent SWIFT messages to steal from a commercial bank in Vietnam.
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Top Democratic senator probes SWIFT, NY Fed about Bangladesh heist
BY DUSTIN VOLZ AND SWETA SINGH
The Senate Homeland Security Committee's top Democrat sought information Thursday from global financial network SWIFT and the Federal Reserve Bank of New York on steps being taken to bolster cyber security in the wake of the theft of $81 million from the central bank of Bangladesh.
Senator Tom Carper of Delaware requested that both answer questions and brief his staff by June 17 on how they were handling issues following the February heist, during which hackers wired money out of an account at the New York Fed held by Bank Bangladesh, as well as how they were safeguarding against other potential cyber threats.
"These cyber attacks raise important questions about the security of the SWIFT system and the ability of its members to prevent future attacks," Carper wrote in his letters.
The inquiry comes as policymakers, regulators and financial institutions around the world increase scrutiny into the heist at Bank Bangladesh and a separate attempt to use fraudulent SWIFT messages to steal from a commercial bank in Vietnam.
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Read more: http://www.reuters.com/article/us-cyber-heist-usa-idUSKCN0YA279
