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