Federal Reserve Bank of New York News


Bangladesh Bank $1 Billion Hacking: Typo Helped Stop a Billion Dollar Bank Heist

Bangladesh Bank Logo
A typo in the instructions for the transfer wire line helped prevent nearly US $1 billion a robbery last month with the involving the Bangladesh Bank and the Federal Reserve Bank of New York said the bank’s officials. Unidentified hackers still managed to walk away with about $80 million, one of the largest known in the history of bank robberies. Hackers have broken the system of Bangladesh...