Unidentified hackers stole $81 million from Bangladesh Bank’s account at the New York Fed, using fraudulent orders on the SWIFT payments system. The Bangladesh Bank provided details in a media briefing later in the day. The Federal Reserve Bank of New York and SWIFT will be parties to the lawsuit, said Deputy Governor Abu Hena Mohd Razee Hassan. The Manila bank, however, has accused Bangladesh Bank of covering up its own negligence. In the audacious bank heist, hackers tried to swindle $1 billion belonging to Bangladesh from the Federal Reserve Bank of New York using forged commands through SWIFT messaging system.

Source: bd News24 February 07, 2018 10:18 UTC