BREAKING NEWS

Six US senators urge Obama to prioritize cyber at G20 in China

By REUTERS

AUGUST 29, 2016 23:39

NEW YORK - Six US senators have urged President Barack Obama to prioritize cyber crime at a this weekend's G20 summit in China in the wake of the $81-million heist from Bangladesh's central bank, according to a letter obtained by Reuters.

The letter from Sherrod Brown, a senior Democrat on the Senate Banking Committee, and five other senators want the US President to press leaders from the world's biggest economies to commit to a "coordinated strategy to combat cyber-crime at critical financial institutions," in G20 communiques at the Sept. 4-5 summit in Hangzhou, China.

The letter, dated Monday, cites the February incident in which hackers breached Bangladesh Bank's systems and used the SWIFT banking network to request nearly $1 billion from an account held at the Federal Reserve Bank of New York. Some of the dozens of orders were filled, with much of the lost $81 million disappearing into Philippines casinos.

Philippines Marcos says threat of assassination 'troubling'

By REUTERS

11/25/2024 07:15 AM

Russia says it downs seven Ukrainian missiles over Kursk region

By REUTERS

11/25/2024 06:16 AM

Uruguay's center-left secures presidential victory with 49%

By REUTERS

11/25/2024 05:31 AM

Australia PM plays down privacy fears of social media ban for children

By REUTERS

11/25/2024 04:58 AM