The House Science Committee willÂ launch an inquiry into the cyber theft of $81 million fromÂ Bangladesh Bank’s account with the Federal Reserve Bank of New York via a global financial messaging network, Reuters reported Monday.
Krishna Das and Jonathan Spicer write the committeeÂ plansÂ to examine the New York Fedâs handling of the fraudulent electronic financial transactionsÂ conducted through theÂ Society for Worldwide Interbank Financial TelecommunicationÂ system in February.
The report said the N.Y. regional officeÂ of the U.S. central bank initiallyÂ blockedÂ 35 internationalÂ wire transfer requestsÂ due toÂ improperÂ message formats, according to the report.
The branch rejectedÂ 30 of the requestsÂ that wereÂ resubmitted byÂ cyber thieves using the SWIFT system and clearedÂ five requestsÂ amounting toÂ $101 million, but later declinedÂ a $20 million requestÂ due a spelling error, according to the report.
Rep. Carolyn Maloney (D-New York) and Sen. Tom Carper (D-Delaware) asked the N.Y.Â reserve bank for information about the cyber heist.
SWIFTÂ saidÂ it aims to implement new cybersecurity programÂ and urgedÂ banks to adopt measures to protect financial data they share with each other.