bangladesh bank heist

March 29, 2017
March 29, 2017

BB heist 'state-sponsored': FBI official

The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer in the Philippines, who has been involved in the investigations, says.

September 28, 2016
September 28, 2016

Can we have full disclosure, please?

Bangladesh is well-known around the globe for its many achievements. Rapid economic progress, exceptional exports growth, universal primary education, elimination of poverty and bold strides in addressing income inequality.

August 5, 2016
August 5, 2016

BB heist: US$21.2 million fine on RCBC

Philippine banking regulators impose the single biggest monetary penalty on an erring financial institution in the country’s history, slapping Rizal Commercial Banking Corp. (RCBC) with a US$21.2-million ( P1-billion) fine in the wake of the cyber heist at Bangladesh Bank.

July 21, 2016
July 21, 2016

Bangladesh nears recovery of US$81m stolen funds

Bangladesh Bank is a step closer to recovering a portion of the US$81 million fund stolen by hackers from its account with the Federal Reserve Bank of New York, reports The Philippine Star.

June 16, 2016
June 16, 2016

US attorney in Manhattan probes BB cyber heist

US attorney's office opens probe of cyber heist of $81 million from Bangladesh Bank's account at the Federal Reserve Bank of New York, a law enforcement source says.

June 9, 2016
June 9, 2016

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.

June 4, 2016
June 4, 2016

NY Fed first rejected cyber-heist transfers, then moved $81m

Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two people with direct knowledge of the matter.

June 3, 2016
June 3, 2016

SWIFT fights to restore faith after BB heist

The chief executive of secure messaging system SWIFT says the theft of $81 million from Bangladesh's central bank, by criminals sending fraudulent payment instructions via SWIFT, would force the organisation to shrink and review its strategy.

May 24, 2016
May 24, 2016

SWIFT to unveil new security plan after BB heist

The SWIFT secure messaging service that underpins international banking says it is planning to launch a new security programme as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist.

May 17, 2016
May 17, 2016

The Immediate Tasks at Hand

More than three months have passed since the Bangladesh Bank (BB) heist, and in the interim much water has flown down the Padma, Meghna,