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June 6, 2016

Report: NY Fed Rejected Hackers’ Request Prior to $81 Million Cyberheist

 The Federal Reserve Bank of New York had initially blocked hackers’ transfer requests that purported to be from the Bangladesh Central Bank, hours before approving $81 million in one of the largest ever singular cyberheists.

It was a fateful February day which saw the New York Federal Reserve approve four fraudulent requests to wire a total of $81 million from an account belonging to the Bangladesh Central Bank.

Reuters has now been revealed that the New York Fed had initially rejected 35 requests to transfer the funds from several overseas accounts. The 35 requests for money transfers are speculated to total over a billion dollars.

The publication cites two [...]

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