US warns banks on cyber threat after Bangladesh Bank heist

New York

US regulators on Tuesday told banks to review cyber-security protections against fraudulent money transfers in the wake of revelations that a hacking group used such messages to steal US$81 million from the Bangladesh central bank.

The notice from the Fed and other financial regulators came two weeks after the US Federal Bureau of Investigation privately urged banks to look for signs of possible cyber attacks. That report asked them to hunt for technical clues that they have been targeted by the same group, according to a notification seen on Tuesday by Reuters.