Friday, April 25, 2025
6:17 PM
Doha,Qatar
RCBC Bank

Bangladesh bank says hackers tried to steal $951mn

Bangladesh's central bank confirmed on Sunday that cyber criminals tried to withdraw $951mn from its US bank account, as the country's finance minister said he first got to know of one of the biggest bank heists in history through the media.

Unknown hackers breached the computer systems of Bangladesh Bank, and transferred $81mn from its account at the Federal Reserve Bank of New York to casinos in the Philippines between February 4 and February 5.

Finance Minister Abul Maal Abdul Muhith said the central bank did not inform him about the heist, and that he learned of it only a month later when news first appeared in the media.

"I am very much unhappy about the handling of the issue," he told reporters in his office in Dhaka.

He said he planned to meet Prime Minister Sheikh Hasina on Sunday and decide what action to take against central bank officials.

The cyber heist and its global scale has left Bangladesh officials scrambling to find answers and recover the money that was lost.

The incident has also left other banks and businesses around the world eager to learn more, so they can review their own networks for signs that they are vulnerable to similar attacks or might already have been breached.

Bangladesh Bank said in a Facebook post that hackers made 35 separate requests to withdraw money from its Fed account, totalling $951mn, confirming earlier reports.

Officials said the account, used for international settlements, had billions of dollars.

Bangladesh officials expect that it would be difficult to recover the money that has already gone out of the banking channels.

Officials have said that the money that made its way to the Philippines was further diverted to casinos and then possibly on to Hong Kong.

After a meeting with the investigators and central bank officials on Sunday, Mohammad Aslam Alam, the secretary of the banking division of the ministry of finance, said recovery could take months.

But he added that the Philippines had managed to freeze $68,000, which Dhaka should be able to recover.

The Bangladesh Nationalist Party (BNP), the largest opposition party, demanded the resignation of the central bank governor and the finance minister. 

 

Comments
  • There are no comments.

Add Comments

B1Details

Latest News

SPORT

Canada's youngsters set stage for new era

Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.

1:43 PM February 26 2017
TECHNOLOGY

A payment plan for universal education

Some 60mn primary-school-age children have no access to formal education

11:46 AM December 14 2016
CULTURE

10-man Lekhwiya leave it late to draw Rayyan 2-2

Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions

7:10 AM November 26 2016
ARABIA

Yemeni minister hopes 48-hour truce will be maintained

The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged

10:30 AM November 27 2016
ARABIA

QM initiative aims to educate society on arts and heritage

Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.

10:55 PM November 27 2016
ARABIA

Qatar, Indonesia to boost judicial ties

The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.

10:30 AM November 28 2016
ECONOMY

Sri Lanka eyes Qatar LNG to fuel power plants in ‘clean energy shift’

Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.

10:25 AM November 12 2016
B2Details
C7Details