The Federal Reserve Bank of New York announced that it will formally assist Bangladesh Bank in a lawsuit to recover funds stolen by hackers. In 2016, the central bank of Bangladesh asked the NY Fed — as well as the central bank and money laundering authorities in...
In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away with $1 billion. U..S court filings this month may have revealed whodunit — and how. The cyberattack made off with the bucks via...
Ecuador’s Banco del Austro and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, and that suit could have an impact on a planned suit by Bangladesh’s central bank. According to Reuters, Banco del Austro’s suit against Wells Fargo was quietly settled...
In what may be a legal salvo over a monumental bank heist perpetrated by cyber thieves, the central bank of Bangladesh has asked the New York branch of the Federal Reserve to join forces in a lawsuit levied against another bank, this one based in...
September 17, 2018
In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away with $1 billion. U..S court filings this month may have revealed whodunit — and how. The cyberattack made off with the bucks via bits and bytes, using SWIFT to issue fraudulent instructions.
February 04, 2019
SWIFT global payments network has agreed to help Bangladesh Bank rebuild its infrastructure after hackers stole $81 million in 2016. The funds were stolen when cybercriminals hacked into Bangladesh’s systems and sent fake orders via SWIFT to the NY Fed. While $1 billion was requested, $81 million was eventually sent to accounts at Manila-based Rizal Commercial Banking […]
February 01, 2019
The Federal Reserve Bank of New York announced that it will formally assist Bangladesh Bank in a lawsuit to recover funds stolen by hackers. In 2016, the central bank of Bangladesh...
April 17, 2018
Ecuador’s Banco del Austro and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, and that suit could have an impact on a planned suit by Bangladesh’s...
December 08, 2017
In what may be a legal salvo over a monumental bank heist perpetrated by cyber thieves, the central bank of Bangladesh has asked the New York branch of the Federal...
