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Attacks/Breaches

12/14/2016
09:55 AM
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Bangladesh Police Say Some Bank Officials Involved In Cyberheist

Mid-ranking officials of Bangladesh Bank deliberately exposed bank's network to allow theft of $81 million, says top investigator.

A top Bangladesh police investigator, Mohammad Shah Alam, has said some mid-ranking officials of Bangladesh Bank had deliberately exposed its network, thus creating vulnerabilities and allowing hackers to steal $81 million, says a Reuters exclusive. Alam also said a probe was on to ascertain the link between the hackers and the officials and whether the latter benefited financially from the heist.

Another investigator revealed around 100 bank employees had been questioned and some told not to leave the country. Last week, a Bangladesh probe panel said five bank officials were found to be indirect accomplices, adds Reuters.

These developments come after months of blame game between the bank, US Fed Reserve and Rizal Commercial Banking Corp. in the Philippines into which the stolen money was transferred.

In February this year, cybercriminals had attacked Bangladesh’s central bank at the US Fed and wired out $81 million through fake SWIFT transfer messages.

Alam added that arrests were likely soon.

Read details on Reuters.

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