A U.S. congressional committee is investigating how hackers managed to divert $101 million from Bangladesh Bank accounts held at the Federal Reserve in New York

A U.S. congressional committee is investigating how hackers managed to divert $101 million from Bank of Bangladesh accounts held at the Federal Reserve in New York.

The February theft led the Bangladesh central bank’s chairman to resign, and added to worries about the security of online bank data.

In a letter to the Fed’s president dated Tuesday, the Science Committee in the U.S. House of Representatives asked for “all documents and communications” about the cyberattack and the security of the Fed’s SWIFT Alliance Access money transfer system.

In the attack, the hackers tried to steal a total of $1 billion through 35 international money transfer orders, 30 of which were stopped. The Bangladesh Bank later recovered some money from a Sri Lankan bank and from a Chinese casino junket operator based in the Philippines. For the full article click here 

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