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Attacks/Breaches

11/9/2016
11:50 AM
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Bangladesh Bank Team In Manila To Recover $15 Million Lost In Hack

Philippine court orders return of part of the stolen money retrieved from casino boss to Bangladesh bank.

A team from the Bangladesh central bank is in Manila to take back $15 million that is part of the $81 million stolen in the wake of a major cyberattack in February where hackers used fake SWIFT messages to transfer pilfered funds, Reuters reports.

Casino boss Kim Wong, who owns Eastern Hawai Leisure Company, had returned $4.63 million and 488.28 million pesos to the authorities but denied any involvement in the cyber heist, saying he had taken the money from two Chinese high-rollers.

A Philippine court ordered that the recovered money be returned to Bangladesh central bank.

"The good thing is now that the process on this $15 million is more or less completed, we will go for the rest," said Bangladesh diplomat John Gomes.

For full report, click here.

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