Keep up with the latest cybersecurity threats, newly discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.
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.
1 Min Read
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.
About the Author
You May Also Like
More Insights
