Cybersecurity
Bangladesh Slams `Incompetent' Central Bank After Hack Theft
- Finance minister says central bank didn't inform him of theft
- Central bank declines to comment, investigation under way
Abul Maal Abdul Muhith.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Bangladesh’s government lashed out at the central bank in a rare public split as tensions escalate after hackers stole about $101 million from its foreign reserves.
Finance Minister Abul Maal Abdul Muhith vowed to take action against Bangladesh Bank after it failed to inform the government immediately when the funds went missing from an account with the Federal Reserve Bank of New York last month. Other transfers totaling $850 million were blocked, according to the central bank.