Wednesday, March 16, 2016

Bangladesh to make announcement about central bank after major cyber heist

Bangladesh central bank building in Dhaka


Bangladesh to make announcement about central bank after major cyber heist

Bangladesh's Finance Ministry will make a major announcement on Tuesday about the central bank, a ministry spokesman said on Monday, after cyber criminals stole $81 million in one of the largest bank heists in history.



According to Bloomberg, the cyber heist has rattled authorities from Bangladesh to the Philippines, where much of the stolen money ended up. Both governments are cooperating on investigations as they look to figure out how to prevent a similar theft in the future.

The Philippine Daily Inquirer has reported that the cash may have entered the country via a branch of Rizal Commercial Banking Corp., converted into pesos and deposited in the account of an unidentified Chinese-Filipino businessman who runs a business flying high net worth gamblers to the Philippines.

Bangladesh is the 20th most-cyber attacked country, according to a real time cyber threat map developed by Kaspersky Lab, an international software security company.

Related:

Bangladesh Slams `Incompetent' Central Bank After Hack Theft
Bangladesh central bank governor resigns over cyber heist

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