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On May 31, 2016, in a letter to the Federal Reserve Bank of New York, the US House of Representatives Committee on Science, Space and Technology announced that it will be conducing oversight over the recently discovered SWIFT cyber-attack...
On May 31, 2016, in a letter to the Federal Reserve Bank of New
York, the US House of Representatives Committee on Science, Space
and Technology announced that it will be conducing oversight over
the recently discovered SWIFT cyber-attack which resulted in the
theft of approximately $101 million from Bank of Bangladesh
accounts at the New York Fed. The letter states that, in light of
the recent cyber-attacks on global financial systems, the Committee
believed it necessary to receive information from the New York Fed
about its response, its oversight of SWIFT, the status of the
investigation and any remedial steps taken to address
vulnerabilities.
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