The head of Bangladesh’s central bank on Tuesday resigned from his post after hackers took $101 million from one of the country’s accounts. Atiur Rahman made the announcement after seven years on the job, saying “If my resignation is better for the Bangladesh Bank, I have no hesitation,” AP reported.
The account concerned was with the Federal Reserve Bank in New York, and the money was transferred out of it to the Philippines and Sri Lanka. While Bangladesh was considering suing the United States bank, the New York Fed said its systems were secure. The focus has now shifted to checking the Bangladesh Bank’s cybersecurity. At least $81 million was found in four private accounts with a bank in Manila, and the Philippines has stepped up its investigations into the matter. The remaining money was sent to an account in Sri Lanka.