Hackers tried to steal $951 million; $850 million was saved

Bangladesh Bank has said hackers tried to steal $951 million from its account with the Federal Reserve Bank of New York. $850M were saved.

The central bank said in a post on its Facebook page on Friday that a transfer of $850 million was halted. The bank’s spokesperson AFM Asaduzzaman confirmed the authenticity of the post to bdnews24.com.

“It is Bangladesh Bank’s page. We used it as a means to inform the people because Friday is a holiday,” he said.

The central bank said in the post that the hackers had ordered 35 transfers during the cyber-attack. Of the transfers, 30 transfers worth $850 million were successfully prevented, it said. The remaining five transfers involving $101 million could not be blocked.  It said $20 million of the salvaged funds have already been retrieved. “The process to return the remaining $81 million is underway,” the bank said. Of the total funds, $81 million was transferred into five accounts with Rizal Commercial Banking Corp (RCBC) in the country, the daily said. Philippine Amusement Gaming Corp (Pagcor) said $46 million found its way into the casino industry. The rest of the funds were somehow smuggled out.

Transfer of another $20 million to a fake Sri Lankan non-profit organization was held up because the hackers had misspelled the name of the NGO, Shalika Foundation, according to Reuters.

More Here [bdnews24]

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  1. […] theft of millions from the Bangladesh central bank account at the New York Federal Reserve Bank [here]. SWIFT has acknowledged that the cyber fraud incident involved altering SWIFT software on […]