2024-03-01 Federal Home Loan Bank of New York Cybersecurity Incident

Page last updated on April 11, 2024

Federal Home Loan Bank of New York initially disclosed a cybersecurity incident in an SEC 8-K filing on 2024-03-01 16:59:51 EST.

Company Summary

Federal Home Loan Bank of New York is a banking firm providing financial liquidity to financial institutions in New York and New Jersey. (Source: Crunchbase)

Incident Details

Material: No
Is Breach: FALSE
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date: 2024-02-21
Disclosure Date: 2024-03-01
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2024-03-01

Federal Home Loan Bank of New York filed an 8-K at 2024-03-01 16:59:51 EST
Accession Number: 0001654954-24-002505

Item 1.05 Material Cybersecurity Incidents.

On February 21, 2024, the Federal Home Loan Bank of New York (“Bank”), through its operational controls, detected unknown persons attempting to fraudulently obtain funds from the Bank (the “incident”).

The Bank immediately activated its response process, and determined that a fourth-party vendor (i.e., a vendor of a Bank vendor) had been compromised, which caused the incident.

The Bank then took prompt steps to contain and remediate the incident. The Bank’s own information technology systems and networks were not compromised or affected, no unauthorized transactions were executed and no monies were transferred to the unknown persons, and Bank members were able to continue to execute transactions with the Bank.

As of the date of this filing, the incident has not had a material impact on the Bank’s operations, and the Bank believes the incident will not materially impact the Bank’s financial condition or results of operations.

Company Information