Find a Question:
US Fed initially blocked transactions robbery Bangladesh
The US Federal Reserve blocked the 35 transactions that bank robbers attempted to hold in February from the hacked central bank of Bangladesh, but in a second attempt finally came fourth out of 35 transactions through it. This while these were still suspicious.
The allegations made by anonymous sources Reuters inside the Federal Reserve Bank and the Central Bank of Bangladesh. Initially, because the details of the transactions, 35 transactions were rejected did not meet the standards of Swift, or the Society for Worldwide Interbank Financial Telecommunication.
When the bank robbers later in the day once again tried the same transactions to commit, the Swift data knocked according to sources though. This time 31 were eventually passed from the 35 transactions, although there were still a suspect irregularities in those four transactions; the money was earmarked for accounts held by individuals, but the central bank of Bangladesh is rarely money to people. Moreover, the same names came back twice in the 31 transactions that are blocked in the four approved transactions. The four transactions together accounted for 81 million dollars.
The bank robbery was probably committed by infecting the Swift client software with malware when it was upgraded last fall. In total, the bank robbers tried to steal 951 million dollars. The robbery was discovered when an employee noticed that one of the transactions the word “foundation” was misspelled. Swift works following the robbery on a new security policy .
Both Swift and the central Bangladesh Bank did not respond to the news. The Federal Reserve says that its procedures simply flawed and refuses to comment on whether the suspect information has overlooked. Several authorities, the case to the investigations.Viewing:-80
Answer this Question
You must be Logged In to post an Answer.
Not a member yet? Sign Up Now »
Star Points Scale
Earn points for Asking and Answering Questions!