Officials from the Federal Reserve Bank of New York, Bangladesh Bank and the payments network Swift vowed Tuesday to catch the thieves who took $81 million out of the Bangladesh central bank's account at the New York Fed.
"The parties provided details on the actions taken and exchanged information about the cyber and physical vulnerabilities illustrated by this event," the New York Fed said after the officials met in Switzerland to discuss lessons learned from the February heist.
And they agreed "to pursue jointly certain common goals: to recover the entire proceeds of the fraud and bring the perpetrators to justice, and protect the global financial system from these types of attacks," the New York Fed said.
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New details unearthed about how cybercriminals stole $81 million out of a Bangladesh Bank account at the Federal Reserve Bank of New York provide insight into how the theft occurred, some of the vulnerabilities that were exploited and what banks can learn from the incident.
April 28 -
As the Central Bank of Bangladesh threatens to sue the Federal Reserve Bank of New York over at least $80 million stolen from its account there, the Fed says its systems were not compromised.
March 10 -
Nearly half of bank data security incidents in 2015 involved compromised web applications, according to a closely watched annual report from Verizon released Tuesday.
April 26
The meeting was attended by New York Fed President William Dudley, Bangladesh Bank Gov. Fazle Kabir and representatives from Swift.
Bangladesh Bank had
The New York Fed blocked 30 transfer requests from the Bangladesh central bank in February, though five were executed. Bangladesh Bank,
