Bangladesh Central Bank Chief Resigns After $81 Million Cyber Heist

Bangladesh's central bank governor Atiur Rahman resigned Tuesday after hackers stole $81 million from the country's foreign reserve account at the Federal Reserve Bank of New York.

The February 5 cyber heist could have been much worse with the hackers trying to steal a total of $1 billion, but they were thwarted in part by an error in typing the name of the recipient in one of their transactions.

Bangladesh Finance Minister Abul Maal Abdul Muhith told reporters Sunday that the central bank "had the audacity" not to inform him of the theft until a month after it happened.

The money was initially transferred to accounts in the Philippines, but it is not clear who was behind the attack. Bangladesh says it has recovered some of the funds.

The Fed said there was no sign its systems were compromised.

Source: Voice Of America

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