The Federal Reserve Bank of New York had initially blocked hackers’ transfer requests that purported to be from the Bangladesh Central Bank, hours before approving $81 million in one of the largest ever singular cyberheists.
It was a fateful February day which saw the New York Federal Reserve approve four fraudulent requests to wire a total of $81 million from an account belonging to the Bangladesh Central Bank.
Reuters has now been revealed that the New York Fed had initially rejected 35 requests to transfer the funds from several overseas accounts. The 35 requests for money transfers are speculated to total over a billion dollars.
The publication cites two [...]
Security firm Symantec has claimed that the malware used in the $81 million cyberheist from Bangladesh Central Bank’s Federal Reserve account has been linked to another cyberattack – a Philippines-based bank.
In a blog post today, Symantec said it found evidence that a bank in the Philippines was also the target of the group that instigated the infamous $81 million cyberheist from Bangladesh central bank.
Notably, the security firm stated that the malware used in the Bangladesh bank heist was also used in a series of targeted attacks against an unnamed bank in the Philippines. Furthermore, the same group had, according to Symantec, tried to steal over $1 million from [...]
SWIFT, the financial inter-banking system used by thousands of banks around the world has revealed that cyber-thieves have yet again stolen from a bank that is a part of the SWIFT network.
An undisclosed bank is the second known target of cybercriminals who are likely to have also been involved in the infamous Bangladesh bank heist which saw $81 million stolen from the bank’s NY Fed Reserve account.
A malware targeting a PDF reader that is routinely used by a bank to check its statement messages has been revealed as the cause for the second heist. The criminals are targeting banks that receive PDF reports of payment confirmations. When the malware is installed, it [...]
Inter-banking system SWIFT has released a statement that firmly denies any responsibility in the $81 million cyber heist that saw the Bangladesh Central Bank lose its funds from its NY Federal Reserve account. The statement is in response to allegations from the Bangladesh Police Department that SWIFT is partly to blame for the cyber heist.
SWIFT has issued a response to comments wherein law enforcement authorities in Bangladesh asserted that SWIFT technicians had introduced security vulnerabilities into the banks’ network. The introduction of security holes, Bangladeshi police assert, occurred when technicians were trying to connect SWFT to Bangladesh’s real-time gross [...]