cyber crime

BB Heist: First conviction, after 3 years

A court in the Philippines yesterday convicted a former branch manager at Manila-based Rizal Commercial Banking Corp (RCBC) of money laundering, in the first conviction over the Bangladesh Bank...

May 12, 2016
May 12, 2016

Microsoft tells UN more can be done to combat digital terror

Microsoft told the United Nations yesterday that technology companies can do more to combat digital terror, but warned there was no single solution to prevent terrorists from using the web.

May 7, 2016
May 7, 2016

25 'worst passwords' to use

In today’s digital age, almost everyone has an online presence and with that comes the inevitable struggle for a good password to protect that data.

May 7, 2016
May 7, 2016

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...

April 26, 2016
April 26, 2016

Philippine banks seen to address vulnerabilities vs fraud

Philippine banks are seen to reexamine vulnerabilities to potential fraudsters in order to avoid a repeat of the $81-million money-laundering scandal that has now become a global spectacle.

March 24, 2016
March 24, 2016

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....

March 22, 2016
March 22, 2016

BB's Achilles' heel

Cyber thieves might have found it easier to break into the Bangladesh Bank system after its local area network (LAN) was connected with its SWIFT operation, according to central bankers and...

March 17, 2016
March 17, 2016

Confusion, panic order of the day

Confusion and panic was the order of the day at the Bangladesh Bank yesterday, a day after its governor Atiur Rahman stepped down and two deputy governors were removed hastily amid strong criticism...

March 13, 2016
March 13, 2016

BB installing monitoring software

To stop any further hacking of its network, Bangladesh Bank is installing monitoring software on all its computers that would instantly

March 12, 2016
March 12, 2016

Serious breach of financial security

The US$101 million siphoned off from Bangladesh Bank (BB) by cyber criminals was not only the single largest heist but also the first of its kind.

March 12, 2016
March 12, 2016

Star website faces rising cyber attacks

Several hacking attempts to deface The Daily Star's website have been tracked and blocked since early February.