Friday, April 25, 2025
6:09 PM
Doha,Qatar
Bangladesh Bank

FBI suspects insiders in $81mn Bangladesh central bank theft

The US Federal Bureau of Investigation suspects the computer hacking theft of $81mn from Bangladesh's central bank was in part an inside job, the Wall Street Journal reported on Tuesday.

Quoting sources familiar with the matter, the Journal said FBI agents investigating the case "have found evidence pointing to at least one bank employee acting as an accomplice."

But it added that "a handful of others" may have also aided the hackers in breaking into the computers of Bangladesh Bank.

The spectacular cyber-theft has embarrassed the government in Dhaka, triggered outrage in the country and raised alarm over the security of the global infrastructure linking central banks.

Hackers fabricated official electronic transfer orders to move the money from Bangladesh Bank's account with the Federal Reserve Bank of New York in February and send it to accounts in the Philippines, where it then disappeared, in part through the Philippines casino industry.

But the New York branch of the US central bank blocked most of the bogus transfer orders it received, preventing the theft from skyrocketing to $1bn.

The involvement of the New York Fed has brought the FBI into the case, but the Fed is not being viewed as blameworthy.

Separately, the global financial transfers network SWIFT on Monday rejected reported accusations by Bangladesh police and bank officials that it was to blame for low security protections.

"SWIFT was not responsible for any of the issues cited by the officials, or party to the related decisions," it said in a statement.

"As a SWIFT user like any other, Bangladesh Bank is responsible for the security of its own systems interfacing with the SWIFT network and their related environment - starting with basic password protection practices - in much the same way as they are responsible for their other internal security considerations."

SWIFT said its officials would be meeting with representatives of Bangladesh Bank and the New York Fed in Basel on May 10.

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