bangladesh bank account hacking
Two Years of $101m Cyber Heist / BB still waits to get back $66m in stolen money
Two years have gone by since the Bangladesh Bank cyber heist, but Bangladesh could not bring back the major chunk of the $81 million wired to the Philippines from BB's account with the New York Fed.
Bangladesh unlikely to extend FireEye contract for heist probe
Bangladesh's central bank is unlikely to extend the contract of US cyber security firm FireEye to investigate the electronic theft of $81 million of its money, sources at the bank say, citing high costs as one of the factors.
'Involvement of BB Officials in Cyber Heist' / Farashuddin wants further probe
The government should carry out further investigation to find out whether the suspected Bangladesh Bank officials were really involved in the $101 million cyber heist, says Mohammed Farashuddin, head of the three-member body that probed the theft.
$101M Cyber Heist / Govt probe hints at BB officials' links
A government panel probing the $101 million Bangladesh Bank heist blamed the theft on SWIFT again and hinted for the first time at the involvement of central bank officials in its final report submitted yesterday.
Recovering Stolen BB Fund / NY Fed, BB, SWIFT to work jointly
The Federal Reserve Bank of New York, Bangladesh Bank and SWIFT have vowed to work together to recover the $81 million that Bangladesh lost in a reserve heist three months ago.
NY Fed feared cyber attacks before BB heist
In the years leading up to hackers stealing $81 million from a Bangladesh central bank account at the Federal Reserve Bank of New York, senior Fed security officials examined the risk of such an attack - but judged the prospect unlikely, bank sources said.
BB heist: Govt determined to take steps against all, says Muhith
Finance Minister AMA Muhith says that the government is determined to bring all those involved in stealing money from the central bank’s account with Federal Reserve Bank of New York – be it foreigners and local.
PM at Sangsad / BB's instant steps helped avert large scale heist
Bangladesh Bank's prompt actions averted large scale hacking into its account with the New York Fed, Prime Minister Sheikh
Bangladesh will get stolen funds back: Philippine justice dept
The Department of Justice (DOJ) assures that the money stolen by hackers from the Bangladesh Bank will be returned to its government as soon as possible but procedures have to be followed.
Bangladesh Bank exposed to hackers by cheap switches, no firewall: cops
Bangladesh's central bank was vulnerable to hackers because it did not have a firewall and used second-hand, $10 switches to network computers connected to the SWIFT global payment network, an investigator into one of the world's biggest cyber heists says.
BB heist: Panel submits report to ministry
A government-formed committee probing the US$101 million heist from Bangladesh central bank account with Federal Reserve Bank of New York submits its preliminary report.
Dhaka bank sent 3 urgent messages
Three messages sent by the Bangladeshi central bank to the Rizal Commercial Banking Corp. (RCBC) on the morning of February 9, alerting the Yuchengco-controlled financial institution to the dubious provenance of the $81 million that was later revealed to be the largest money laundering caper in Philippine history.
Stop payment orders from Bangladesh Bank 'vague': RCBC
Rizal Commercial Banking Corporation (RCBC) says the bank could have held the stolen US$81 million if only the Bangladesh Bank sent "high priority messages."
BB heist: WB for including casinos in Philippines dirty money law
The Philippines must make sure casinos are covered by anti-money laundering legislation, the World Bank says, joining calls for the government to better regulate its gambling industry after stolen millions from Bangladesh found their way to Manila.
BB fund heist: CID team to visit Philippines tomorrow
A three-member team of Criminal Investigation Department (CID) will visit Philippines tomorrow night to coordinate with Philippine authorities on the money-laundering case over heist at Bangladesh Bank reserve account.
Don't ask where money came from, says Manila casino boss in heist probe
For Kim Wong, the Chinese casino owner in the Philippines entangled in one of the world's largest bank heists, there are two golden rules for dealing with wealthy punters: always demand to see their money, but never ask where it came from.
Reducing cyber risk of banks
Guidelines on Internal Control & Compliance for Banks were issued by the central bank on March 8, 2016, which recommended the commercial banks to take insurance as a risk mitigation measure. Such insurances are not over-the-counter products, and must be customised as per each bank's unique exposures.
Philippine bank president goes on leave amid $81m dirty money investigation
Rizal Commercial Banking Corporation (RCBC) president Lorenzo Tan has gone on indefinite leave of absence on the heels of the government’s probe on the US$81 million in dirty money that slipped through the cracks of the local financial system with the bank’s branch in Jupiter Street, Makati as the gateway.
BB fund: Theft a blow to Philippine efforts to lure investors
The Philippines’ failure to address the loopholes in anti-money laundering safeguards could affect even foreign investments in the infrastructure space, a conduit for which is the Aquino administration’s flagship Public Private Partnership (PPP) program.
