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.

Operations

3/10/2016
12:30 PM
100%
0%

Hackers' Typo Foils Their $1 Billion Wire Transfer Heist

Stolen credentials are no use without good spelling.

Let this be a lesson in the importance of good editors. Attackers successfully breached Bangladesh Bank's systems and stole its credentials for payment transfers, yet the small typo they made in a wire transfer request ultimately undid their efforts to steal $1 billion.

As Reuters reports today, after obtaining the credentials, attackers "bombarded the Federal Reserve Bank of New York with nearly three dozen requests to move money from the Bangladesh Bank's account there to entities in the Philippines and Sri Lanka."

The first four transfers, totaling about $81 million, went through, but the fifth time: 

Hackers misspelled "foundation" in the NGO's name as "fandation," prompting a routing bank, Deutsche Bank, to seek clarification from the Bangladesh central bank, which stopped the transaction, one of the officials said.

This, plus the number and size of the transfers being sent to private entities instead of other banks raised the suspicions of The Fed. Although the initial $80 million was not recovered, between $850 to $870 million of attempted transactions were stopped.

Read more 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

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
zdondadaz
50%
50%
zdondadaz,
User Rank: Apprentice
6/3/2016 | 3:33:54 PM
Re: Irony is so bitter sweet
Who's to say it wasn't a distraction? Keep them distracted with the 800 million transaction while they clear up loose ends and make off with the 80 million transaction... Yeah, I don't think it was a mistake.. Pople that hack into banks and steal 80mil DON'T MAKE MISTAKES. 
KeithB787
50%
50%
KeithB787,
User Rank: Apprentice
3/11/2016 | 5:56:11 PM
Irony is so bitter sweet
People tend to say that only death and taxes are constant. It seems like irony is another given. At least I've seen it many times in the past and continue to see it, even today. It's definitely ironic that the hackers probably spent a lot of time to figure out exactly how to hack into the Bangladesh bank only to see a significant portion of their efforts wasted due to a spelling mistake. In addition, it seems strange that while the bank's network was breached through a Hi-Tech exploit, a simple low tech request for spelling clarification/validation resulted in foiling a significant financial portion of the plot.
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
3/11/2016 | 2:47:25 PM
Group
I know this fairly new but has this been tracked to a group/individual or has there been any data scraped to suggest origin of the attack?
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
3/11/2016 | 2:45:43 PM
Re: c'mon...makes you think that their cat jumped on the keyboard. I wonder how many times those furry critters foil plans like this seriously.
You think that they would do a much stricter job of spell checking when trying to exfiltrate hundreds of millions.
Kelly Jackson Higgins
100%
0%
Kelly Jackson Higgins,
User Rank: Strategist
3/11/2016 | 7:35:20 AM
Re: c'mon...makes you think that their cat jumped on the keyboard. I wonder how many times those furry critters foil plans like this seriously.
Stupid hacker tricks. 
hewenthatway
50%
50%
hewenthatway,
User Rank: Strategist
3/11/2016 | 3:50:51 AM
c'mon...makes you think that their cat jumped on the keyboard. I wonder how many times those furry critters foil plans like this seriously.
c'mon...makes you think that their cat jumped on the keyboard. I wonder how many times those furry critters foil plans like this seriously.
Zero-Factor Authentication: Owning Our Data
Nick Selby, Chief Security Officer at Paxos Trust Company,  2/19/2020
44% of Security Threats Start in the Cloud
Kelly Sheridan, Staff Editor, Dark Reading,  2/19/2020
Ransomware Damage Hit $11.5B in 2019
Dark Reading Staff 2/20/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
How Enterprises Are Developing and Maintaining Secure Applications
How Enterprises Are Developing and Maintaining Secure Applications
The concept of application security is well known, but application security testing and remediation processes remain unbalanced. Most organizations are confident in their approach to AppSec, although others seem to have no approach at all. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-7914
PUBLISHED: 2020-02-21
btif/src/btif_dm.c in Android before 5.1 does not properly enforce the temporary nature of a Bluetooth pairing, which allows user-assisted remote attackers to bypass intended access restrictions via crafted Bluetooth packets after the tapping of a crafted NFC tag.
CVE-2016-4606
PUBLISHED: 2020-02-21
Curl before 7.49.1 in Apple OS X before macOS Sierra prior to 10.12 allows remote or local attackers to execute arbitrary code, gain sensitive information, cause denial-of-service conditions, bypass security restrictions, and perform unauthorized actions. This may aid in other attacks.
CVE-2020-5243
PUBLISHED: 2020-02-21
uap-core before 0.7.3 is vulnerable to a denial of service attack when processing crafted User-Agent strings. Some regexes are vulnerable to regular expression denial of service (REDoS) due to overlapping capture groups. This allows remote attackers to overload a server by setting the User-Agent hea...
CVE-2019-14688
PUBLISHED: 2020-02-20
Trend Micro has repackaged installers for several Trend Micro products that were found to utilize a version of an install package that had a DLL hijack vulnerability that could be exploited during a new product installation. The vulnerability was found to ONLY be exploitable during an initial produc...
CVE-2019-19694
PUBLISHED: 2020-02-20
The Trend Micro Security 2019 (15.0.0.1163 and below) consumer family of products is vulnerable to a denial of service (DoS) attack in which a malicious actor could manipulate a key file at a certain time during the system startup process to disable the product's malware protection functions or the ...