Central banks seek global standards in wake of Bangladesh heist

Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. REUTERS/Ashikur Rahman/File Photo

NEW YORK/LONDON: The world's major central banks, stung by this year's US$81mil (RM334.23mil) heist in Bangladesh, have launched a task force to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks, according to two sources with knowledge of the matter.

The committee of central banks, part of the Bank for International Settlements (BIS) in Basel, Switzerland, set up the task force this summer. It has begun gathering information from members on their protections against fraud, said the sources, who requested anonymity because work had just begun.