Before Bangladesh heist, New York Fed feared such cyber attacks
Officials looked at risk of this kind of breach - but judged prospect unlikely: sources
Mon, May 09, 2016 - 5:50 AM
Over several years, New York Fed and Federal Bureau of Investigation officials discussed the risk of an attack made using the banking system's communications network, known as SWIFT.
IN THE years before hackers stole US$81 million from a Bangladesh central bank account at the Federal Reserve Bank of New York, senior Fed security officials examined the risk of such an attack - but judged the prospect unlikely, bank sources told Reuters.