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Bangladesh sues Philippine bank over cyber heist at New York Fed


RCBC, based in Manila, has contended that the theft was an inside job and accused Bangladesh Bank of a cover-up. — Reuters

RCBC, based in Manila, has contended that the theft was an inside job and accused Bangladesh Bank of a cover-up. — Reuters

Bangladesh's central bank on Thursday sued a Philippine bank to recoup losses it suffered when unidentified hackers stole US$81mil (RM331mil) from its account at the Federal Reserve Bank of New York nearly three years ago.

In a complaint filed with the US District Court in Manhattan, Bangladesh Bank accused Rizal Commercial Banking Corp (RCBC) and dozens of others, including several top executives, of involvement in a "massive" and "intricately planned" multi-year conspiracy to steal its money.

Cyber crime , RCBC

   

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