Officials from Bangladeshi’s central bank revealed on 7 March that the bank’s account held at the US Federal Reserve (Fed) had been hacked. The attackers reportedly stole funds, some of which have been traced to the Philippines and recovered. The Fed refuted the claim that a breach had taken place. “To date, there is no evidence of any attempt to penetrate Federal Reserve systems in connection with the payments in question, and there is no evidence that any Fed systems were compromised,” a New York Fed spokeswoman said. On 8 March, Bangladesh Bank announced it would suspend all transactions in USD for two days as part of its investigation into the incident. The Fed was successfully targeted in 2014; a British citizen was charged for breaching the bank’s servers and posting information from internal users.
Officials from Bangladeshi’s central bank revealed on 7 March that the bank’s account held at the US Federal Reserve (Fed) had been hacked. The attackers reportedly stole funds, some of which have been traced to the Philippines and recovered. The Fed refuted the claim that a breach had taken place. On 8 March, Bangladesh Bank announced it would suspend all transactions in USD for two days as part of its investigation into the incident. The Fed was successfully targeted in 2014; a British citizen was charged for breaching the bank’s servers and posting information from internal users.