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Report: Central bank employee may have been involved in Bangladesh cyber heist

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Report: Central bank employee may have been involved in Bangladesh cyber heist

U.S.FBI agents believe at least one BangladeshBank employee assisted hackers in their attempt to almost US$1 billion from the centralbank's account at the U.S. Federal Reserve Bank of New York, The Wall Street Journal reported May 10.

In earlyFebruary, the hackers successfully withdrewabout US$100 million from the account, and after officials recovered some funds,about US$81 million remains missing.

Unnamedsources told the Journal that the FBIalso believes additional employees may have helped the hackers access the centralbank's computer system in order to withdraw the funds. A system security reportissued after the incident took place found that hackers used passwords they obtainedby logging keystrokes on the central bank's system in order to authorize the transfers.

SubhankarSaha, a spokesman for Bangladesh Bank, told the publication that the central bankhad not been informed that its employees may have been involved but said it willtake legal action if they did.

FazleKabir, governor of Bangladesh Bank, plans to meet with New York Fed President William Dudley and seniorofficials from the Society for Worldwide Interbank Financial Telecommunication,or SWIFT, in Switzerland on May 10 to improve efforts in recovering the missingUS$81 million. The central bank believes that both the New York Fed and SWIFT arepartially responsible for the cyber heist.

A spokeswomanfor the New York Fed and a lawyer for SWIFT declined the Journal's requests for comment.