bb heist

No plan to sue Fed, SWIFT: BB

Bangladesh's central bank says it has reversed its plans to sue the Federal Reserve Bank of New York and the SWIFT money transfer network, and instead intends to seek their help recovering $81 million stolen by cyber thieves in February.

April 15, 2017
April 15, 2017

Hackers’ files show NSA monitored SWIFT transfers

Hackers release documents and files that cybersecurity experts indicated the US National Security Agency had accessed the SWIFT interbank messaging system, allowing it to monitor money flows among some Middle Eastern and Latin American banks.

August 16, 2016
August 16, 2016

No plan to sue Fed, SWIFT: BB

Bangladesh's central bank says it has reversed its plans to sue the Federal Reserve Bank of New York and the SWIFT money transfer network, and instead intends to seek their help recovering $81 million stolen by cyber thieves in February.

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.

June 18, 2016
June 18, 2016

Dridex malware linked to BB heist

Investigators links malware used by Russian and eastern European cybergangs to a string of bank heists that culminated in the record-breaking theft of US$81 million from Bangladesh's central bank, people familiar with the probe said.

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 31, 2016
May 31, 2016

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.

May 27, 2016
May 27, 2016

BB heist linked to Philippines attack, Sony hack: Symantec

Hackers who stole $81 million from Bangladesh's central bank have been linked to another cyber attack, this time on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures Entertainment, cyber security company Symantec Corp says.

May 19, 2016
May 19, 2016

BB heist: $38m still missing from stolen funds

Almost half or a total of $38 million of the $81 million funds allegedly stolen from Bangladesh are still missing, an official of the Anti-Money Laundering Council (AMLC) tells a Philippine Senate hearing.