Fraudsters’ new best friend - technology

Bank heist: Commuters pass by the front of the Bangladesh central bank building in Dhaka where US101mil was stolen by hackers recently. – Reuters

THE Bangladesh Bank heist in February this year really brought home the role of technology in committing fraud.

Although the use of technology including malware to commit crime or fraud is not new, the case of Bangladesh Bank made people sit up because of the amount that was lost.