Incident disclosureDisclosed 2024-03-01Federal Home Loan Bank of New YorkSEC filing

Federal Home Loan Bank of New York discloses a cybersecurity incident (SEC 8-K, March 2024)

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”).

What happened

  • 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.Form 8-K Item 1.05, Federal Home Loan Bank of New York, filed 2024-03-01
  • 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.Form 8-K Item 1.05, Federal Home Loan Bank of New York, filed 2024-03-01
  • 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. 2Form 8-K Item 1.05, Federal Home Loan Bank of New York, filed 2024-03-01

Building something similar?

Describe your design and see every precedent that applies, with safeguards you can hand to your coding agent.

Analyze your design