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Browse: Home / 2016 / March / 10 / How a hacker’s typo helped stop a billion dollar bank heist — Reuters

How a hacker’s typo helped stop a billion dollar bank heist — Reuters

By Securities Docket on March 10, 2016, 10:08 am

A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last month involving the Bangladesh central bank and the New York Fed, banking officials said.

Unknown hackers still managed to get away with about $80 million, one of the largest known bank thefts in history.

The hackers breached Bangladesh Bank’s systems last month and stole its credentials for payment transfers, two senior Bangladesh Bank officials said.

via How a hacker’s typo helped stop a billion dollar bank heist — Reuters

Posted in Risk Mgmt, Top | Tagged Banks

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