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.
Forensic investigators examining the theft of $81 million from Bangladesh Bank's account with the New York Fed have
The six visiting Interpol officials teaming up with the Criminal Investigation Department yesterday started forensic analysis of
It seems, had the Federal Reserve Bank of New York been cautious about financial transactions, the hacked funds of Bangladesh Bank could easily be stopped from being transferred to banks in the Philippines and Sri Lanka, and from there to the pockets of the hackers.
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. Such insurances are not over-the-counter products, and must be customised as per each bank's unique exposures.
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 investigators.
Two engineers of SWIFT have come to Bangladesh to review its servers with the central bank -- 38 days after a band of hackers breached the payment system in an attempt to steal about $1 billion.
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 over the central bank's handling of the $101 million cyber theft.
The government appoints former finance secretary and chairman of state-run Sonali Bank Ltd Fazle Kabir as the new governor of Bangladesh Bank for the next four years.
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.
Forensic investigators examining the theft of $81 million from Bangladesh Bank's account with the New York Fed have
The six visiting Interpol officials teaming up with the Criminal Investigation Department yesterday started forensic analysis of
It seems, had the Federal Reserve Bank of New York been cautious about financial transactions, the hacked funds of Bangladesh Bank could easily be stopped from being transferred to banks in the Philippines and Sri Lanka, and from there to the pockets of the hackers.
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. Such insurances are not over-the-counter products, and must be customised as per each bank's unique exposures.
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 investigators.
Two engineers of SWIFT have come to Bangladesh to review its servers with the central bank -- 38 days after a band of hackers breached the payment system in an attempt to steal about $1 billion.
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 over the central bank's handling of the $101 million cyber theft.
The government appoints former finance secretary and chairman of state-run Sonali Bank Ltd Fazle Kabir as the new governor of Bangladesh Bank for the next four years.
Finance Minister AMA Muhith will brief the media about the recent theft of US$101 million by hackers from Bangladesh Bank account at New York Federal Reserve Bank.
