Daily Management Review

U.S. Official Says Bangladesh Bank Heist Was 'State-Sponsored'


03/29/2017




U.S. Official Says Bangladesh Bank Heist Was 'State-Sponsored'
An FBI officer in the Philippines, who has been involved in the investigations, told the media on Wednesday that the online theft of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored."
 
While this comment, made by Lamont Siller, the legal attache at the U.S. embassy, are a strong signal that authorities in the United States are close to naming who carried out one of the world's biggest cyber heists, the U.S. official did not offer any additional information. The comments were made during a speech in Manila.
 
North Korea was blamed for the heist last week by officials in Washington who spoke on condition of anonymity to the media.
 
"We all know the Bangladesh Bank heist, this is just one example of a state-sponsored attack that was done on the banking sector," Siller told a cyber security forum.
 
The FBI believes North Korea was responsible for the heist. The official did not give details, reported the international news agency Reuters in Washington last week citing information by an official briefed on the probe.
 
Potential cases that would accuse North Korea of directing the heist, and would charge alleged Chinese middlemen, were being built by U.S. prosecutors, reported the Wall Street Journal.
 
In the February 2016 heist hackers breached Bangladesh Bank's systems and used the SWIFT messaging network to order the transfer of nearly $1 billion from its account at the New York Fed and the FBI has been leading an international investigation into the heist.
 
Resulting in $81 million being transferred to bank accounts in the Philippines, the U.S. central bank rejected most of the requests but filled some of them. The money later disappeared in the huge casino industry in the country after being quickly withdrawn soon after the transfers.
 
There have been no arrests in the case.
 
He had taken millions of dollars from two Chinese high-rollers in February, a Chinese casino owner in the Philippines told that Senate inquiry earlier. Transferring of the stolen money from Dhaka to Manila was done by those two men, he said.
 
At the Department of Justice (DOJ) in Philippines, a remittance company and several individuals have been named in criminal charges filed against them by investigators of the country.
 
None of these cases have yet been filed in court, however.
 
"To ensure those responsible for the attack do not go unpunished", the FBI was working closely with the Philippines government, Siller said.
 
"So for us in the FBI, it is never over. We are going to bring these individuals to justice so that we can show others, that you maybe be able to muster such attacks, even state-sponsored, but you will not get away with it in the end.
 
(Source:www.reuters.com) 






Science & Technology

Asteroid mining: Reality or fiction?

3D Printing Used For Life Saving Kidney Transplant In Two Year Old At U.K. NHS

California to require solar panels for new homes by 2020

Blockchain Enables De Beers To Track Diamond From The Miner To The Retailer

Microsoft releases Windows 10’s April 2018 Update

DNA Sequencing Project Proposed For All Complex Life Forms On Earth By An Int’l Team

Facebook may start production of its own microprocessors

Long-Term Alcohol Monitoring Could Be Possible With A New Injectable Chip Developed By U.S. Researchers

Sweden Now Has The First Electrified Road In The World

Over 270,000 Account Globally Banned From Twitter For Promotion Of Terrorism

World Politics

World & Politics

Ministerial Visit From India To North Korea Aimed At Strengthening Ties

What countries are the biggest losers of Trump’s Iran decision?

World's Oldest Elected Prime Minister Is Malaysia’s 92 Year Old Mahathir Mohamad

Why Is U.S. Pulling Out Of The Iran Deal A Big Deal For The World

Merkel, Macron, May call on Iran to adhere to the nuclear deal

Arab Region Driven In ‘Wrong Direction’ In Last 10 Years, Say Arab Your: Survey

German doctors demand a tax on sugar

U.S.-China Ties Could Be Bettered By AI As The Bridge: Experts