cyber heist RSS
Back in 2016, The Bangladesh Bank suffered a massive cyber heist. Now, the bank has filed a lawsuit in New York federal court to recover the lost $81 million. The... more
The post Bangladesh Bank files lawsuit in partnership with New York Federal Reserve and SWIFT appeared first on Payments Cards & Mobile.
SWIFT on Monday heavily rejected allegations by officials in Bangladesh that technicians with the global banking system made the nation’s central bank more vulnerable to hacking before an $81 million cyber heist in February. The comments were in response to a Reuters story that cited Bangladeshi police and a central bank official as saying that SWIFT [...]
In February 2016 one of the largest cyber heists was committed and subsequently disclosed. An unknown attacker gained access to the Bangladesh Bank (BB) using SWIFT malware. The BB SWIFT payment system reportedly instructed an American bank to transfer money from BB’s account to accounts in The Philippines. The attackers attempted to steal $951m, of [...]