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Investigators blame SWIFT for BB heist

 

bangladesh_bankSWIFT is primarily responsible for the hacking of the Bangladesh Bank reserve, Mohammed Farashuddin, head of the committee probing the heist, said today.

Malware made by either Pakistani or North Korean hackers was used in stealing US$101 million from Bangladesh Bank account with Federal Reserve Bank of New York, Farashuddin told reporters after a meeting at BB in the afternoon.

The malware was installed at the server of Bangladesh central bank for stealing the money, he added.

The probe committee suspects that the incident was carried out in a bid to loot the money of the central bank, he further told reporters.

On February 4, US$101 million was stolen online from the Bangladesh Bank’s reserve with the Federal Reserve Bank of New York, through Rizal Commercial Banking Corporation in the Philippines and Pan Asia Banking Corporation in Sri Lanka.

Criminal Investigation Department and BB officials said the $20 million sent to Sri Lanka was later recovered, while the rest $81 million went to Philippines.

Meanwhile, SWIFT on May 9 rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation’s central bank more vulnerable to hacking before the heist.

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