Bangladesh told to resume heist probeINSTEAD of lobbying the Senate to reopen its investigation into the $81-million cyber heist, Bangladesh Bank should resume its aborted investigation that earlier hinted of an inside job, the external lawyer of Yuchengco-led Rizal Commercial Banking Corp. (RCBC) said. “Around March, the finance minister of Bangladesh told media he was sure it was an inside job, and the Bank of Bangladesh governor and two deputies resigned shortly thereafter. She noted that Bangladesh Bank had been found using inferior and cheap server auxiliaries, and with no firewall. Daep recounted the ordeal of a Bangladeshi expert who pointed to the weaknesses of Bangladesh Bank after the heist. In February, hackers supposedly stole $81 million from a Bangladesh Bank account at the Federal Reserve Bank of New York City.

Source: Manila Times August 07, 2016 13:30 UTC