Tag: cyber-heist

Bangladesh to sue Philippine bank over $81 million cyber heist

DHAKA, Bangladesh (AFP) — Bangladesh will Wednesday file a lawsuit in New York against a Philippine bank over its involvement in one of the biggest-ever cyber heists, the country’s central bank governor said. Unidentified hackers stole $81 million from the Bangladesh central bank’s account with the US Federal Reserve in New York in February 2016. The money was then transferred to a Manila branch of the Rizal Commercial Banking Corp (RCBC), swiftly withdrawn and laundered […]

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RCBC accuses Bangladesh’s central bank of a “massive cover-up” over $81-million cyber-heist last year

The Rizal Commercial Banking Corp. on Tuesday accused Bangladesh’s Central Bank (BB) of a “massive cover-up” over an $81-million cyber-heist last year, as it rejected allegations it was mostly to blame. The statement came after Dhaka, Bangladesh’s Finance Minister A.M.A Muhith said over the weekend he wanted to “wipe out” RCBC, apparently frustrated over the small amount of money recovered from the overall amount stolen from BB. “Last year’s theft of $81 million of (BB) funds was […]

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