Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

6/6/2016
08:35 AM
50%
50%

Bangladesh Bank Heist: ‘Fed First Blocked Then Allowed Transfers’

Sources question Federal Reserve's failure to see anomalies in requests leading to transfer of $81 million.

As probe continues into the February Bangladesh Bank cyber heist, more details are coming to light including a new report that the US Federal Reserve Bank had reportedly blocked four requests for transfer of $81 million hours before then approving them.

Officials close to the investigations told Reuters that the US Fed had first turned down 35 money transfer requests via SWIFT on the grounds that they did not have the required formatting, but when the hackers resubmitted them, four of these, totaling $81 million, went through. One was rejected because of spelling error, and 30 were put on hold for sanction review and later found to be fraudulent.

While the Fed has held Bangladesh Bank and SWIFT responsible for allowing the messages to get through, officials at Bangladesh’s central bank have questioned the Fed’s failure to see the red flags, says Reuters.

The US House Science Committee has launched a probe into Fed’s handling of transfers while SWIFT says it is planning an improved security program.

The wired-out money remains untraceable.

Read full story at Reuters

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Whoopty
50%
50%
Whoopty,
User Rank: Ninja
6/7/2016 | 7:36:54 AM
SWIFT weaknesses
The many hacks similar to this theft show that the SWIFT system needs some sort of overhaul. It's clear that someone has found a crack in its armor and is exploiting it repeatedly.

It almost makes you wish for a decentralised system a little like bitcoin...
Edge-DRsplash-10-edge-articles
7 Old IT Things Every New InfoSec Pro Should Know
Joan Goodchild, Staff Editor,  4/20/2021
News
Cloud-Native Businesses Struggle With Security
Robert Lemos, Contributing Writer,  5/6/2021
Commentary
Defending Against Web Scraping Attacks
Rob Simon, Principal Security Consultant at TrustedSec,  5/7/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: Take me to your BISO 
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-23369
PUBLISHED: 2021-05-10
In YzmCMS 5.6, XSS was discovered in member/member_content/init.html via the SRC attribute of an IFRAME element because of using UEditor 1.4.3.3.
CVE-2020-23370
PUBLISHED: 2021-05-10
In YzmCMS 5.6, stored XSS exists via the common/static/plugin/ueditor/1.4.3.3/php/controller.php action parameter, which allows remote attackers to upload a swf file. The swf file can be injected with arbitrary web script or HTML.
CVE-2020-23371
PUBLISHED: 2021-05-10
Cross-site scripting (XSS) vulnerability in static/admin/js/kindeditor/plugins/multiimage/images/swfupload.swf in noneCms v1.3.0 allows remote attackers to inject arbitrary web script or HTML via the movieName parameter.
CVE-2020-23373
PUBLISHED: 2021-05-10
Cross-site scripting (XSS) vulnerability in admin/nav/add.html in noneCMS v1.3.0 allows remote authenticated attackers to inject arbitrary web script or HTML via the name parameter.
CVE-2020-23374
PUBLISHED: 2021-05-10
Cross-site scripting (XSS) vulnerability in admin/article/add.html in noneCMS v1.3.0 allows remote authenticated attackers to inject arbitrary web script or HTML via the name parameter.