Swift to help Bangladesh Bank rebuild network after cyber heist


NEW DELHI: International payments network Swift said it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal US$81mil in 2016 in the world’s biggest cyber heist.

Unidentified hackers, suspected to be from North Korea, carried out the heist by breaching Bangladesh Bank’s systems and using the Swift network to send fraudulent money transfer orders to the New York branch of the U.S. central bank, with which the Dhaka bank has an account.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , cyber heist

   

Next In Business News

China to keep interest rates at appropriate levels
Gold shines as Middle East tensions offset easing US rate-cut bets
Malaysian millennials lead as most financially literate generation
Oil stabilises after sharp drop on demand concerns, easing of Middle East tension
China to keep expanding market access
Asia stocks bounce as soaring dollar pauses
TSMC's first quarter profit rises 9%, beats forecasts
Asia FX gains on respite from dollar strength, equities rally
Bursa Malaysia mixed at midday break, key index up
Dialog Axiata inks deal to acquire Airtel Lanka via share swap

Others Also Read