Bangladesh sues Philippine bank over cyberheist at New York Fed - News Summed Up

Bangladesh sues Philippine bank over cyberheist at New York Fed


Bangladesh Bank said funds were stolen with the help of unnamed North Korean hackers who used malware with such names as “Nestegg” and “Macktruck” to obtain backdoor access its network. RCBC, based in Manila, has contended that the theft was an inside job and accused Bangladesh Bank of a cover-up. Fazle Kabir, governor of Bangladesh Bank, said on Wednesday the New York Fed had signed an agreement to help with the case. A New York Fed spokeswoman declined to discuss what support her office might offer. The case is Bangladesh Bank v Rizal Commercial Banking Corp et al, US District Court, Southern District of New York, No.


Source: bd News24 February 01, 2019 01:41 UTC



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