Ron Burgundy Posted May 13, 2016 Share Posted May 13, 2016 (Reuters) - The Federal Reserve Bank of New York is standing by its procedures for wiring funds after facing scrutiny in the wake of the $81 million cyber heist at the Bangladesh central bank, a letter released by a congresswoman on Friday showed. The New York Fed was responding to criticism lobbed by U.S. Representative Carolyn Maloney, who had called for a probe of the fund transfers triggered by the February cyber attack on Bangladesh Bank. Criminals tried to withdraw $951 million from Bangladesh Bank's U.S. bank account in what ranked as one of the largest cyber heists in history. View the full article Quote Link to comment Share on other sites More sharing options...
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