---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-002505"
form_type: "8-K"
ticker: null
cik: "0001329842"
company_name: "Federal Home Loan Bank of New York"
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:22:00.155893+00:00"
event_type: "cyber"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# FHLB New York detects fraudulent fund attempt via compromised fourth-party vendor; no funds lost

## Summary
- On Feb 21, 2024, the Bank detected unknown persons attempting to fraudulently obtain funds through a compromised fourth-party vendor.
- Bank's own IT systems were not compromised; no unauthorized transactions executed and no funds transferred.
- Bank members continued to execute transactions without interruption.
- Incident has not had a material impact on operations; Bank believes no material impact on financial condition or results.
- Prompt containment and remediation steps were taken upon detection.

## SEC filing metadata
- accession: 0001654954-24-002505
- form_type: 8-K
- cik: 0001329842
- company_name: Federal Home Loan Bank of New York
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: cyber
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 1.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1329842/000165495424002505/0001654954-24-002505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1329842/000165495424002505/fhlbny_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-002505
- JSON: https://secwatch.observer/filing/0001654954-24-002505.json
- Plain text: https://secwatch.observer/filing/0001654954-24-002505.txt

## Key facts
- Cybersecurity Incidents
  Federal Home Loan Bank of New York disclosed a cybersecurity incident: unknown persons attempted to fraudulently obtain funds from the Bank due to a fourth-party vendor compromise. Impact: no unauthorized transactions executed, no monies transferred, Bank members able to continue transactions, no material impact on operations or financial condition. Company determined it not material. Discovered 2024-02-21.
  - Nature: unknown persons attempted to fraudulently obtain funds from the Bank due to a fourth-party vendor compromise
  - Impact: no unauthorized transactions executed, no monies transferred, Bank members able to continue transactions, no material impact on operations or financial condition
  - Materiality: not material
  - Discovery: 2024-02-21
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1329842/000165495424002505/0001654954-24-002505-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.