Investigators suspect unknown hackers installed malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, for how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday.
More than a month after hackers breached Bangladesh Bank’s systems and attempted to steal nearly $1 billion from its account at the Federal Reserve Bank of New York, cyber security experts are trying to find out how the hackers got in.
The hackers appeared to have stolen Bangladesh Bank’s credentials for the SWIFT messaging system, which banks around the world use for secure financial communication.
President Obama said Friday that law enforcement must be legally able to collect information from smartphones and other electronic devices, making clear, despite divisions in his administration, that he opposes the stance on encryption taken by technology companies like Apple.
Speaking to an audience of about 2,100 technology executives and enthusiasts at the South by Southwest festival here, Mr. Obama delivered his most extensive declarations on an issue that has split the technology community and pitted law enforcement against other national security departments. Mr. Obama declined to comment specifically on the efforts by the F.B.I. to require Apple’s help in gaining data from an iPhone used by one of the terrorists in the December attack in San Bernardino, Calif.
But the president said that America had already accepted that law enforcement can “rifle through your underwear” in searches for those suspected of preying on children, and he said there was no reason that a person’s digital information should be treated differently.