Cyber Heist

Philippines bank RCBC says that it did nothing wrong, Bangladesh Bank responsible for the cyber heist

The Philippines bank through which $81 million stolen from Bangladesh's central bank was channelled in February said on Tuesday that the central bank was responsible for the heist, and so any liability should not be passed on.

SWIFT has confirmed that hackers are using new ways to steal money

Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics.

Investigators suspect Bangladesh bank officials to be involved in SWIFT cyber heist

Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February.

Authorities arrest suspects in relation to cyber heist carried out in Russian Central bank

Russian authorities arrested a large number of suspects in May in connection with the recently revealed electronic theft of $19 million from accounts held at the Russian central bank, an official said on Wednesday.

Philippines has asked Bangladesh to share the cyber heist investigation results

The Philippine government wants Bangladesh to share the findings of its investigation into how unknown hackers pulled off one of the world's largest cyber bank heists, to help speed up recovery of the stolen funds.

Bank of England pushes the cyber security testing framework for banks with CBEST

The recent theft of money from accounts at retailer Tesco's online banking arm caused the British authorities to enact contingency plans to allow lenders to share information after the attack, the Bank of England said on Wednesday.

Philippine bank RCBC and Bangladesh trade blames over responsibility for missing millions of dollars

Philippine lender RCBC and a Bangladeshi minister traded blame on Tuesday over liability for tens of millions of dollars that were looted from a New York bank and then went missing in Manila after one of the biggest bank frauds ever.

Hackers steal $3 million from Tesco bank; full service resumes after suspension

Retailer Tesco Plc's banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank.

Tesco Bank stops online transactions after money stolen from 20,000 bank accounts

Tesco Bank, owned by Britain's biggest retailer Tesco, halted online transactions from all current accounts on Monday after money was stolen from 20,000 of them in the country's first such cyber heist.

Bangladesh cyber heist pushes Global Central banks to set global standards for cyber security

The world's major central banks, stung by this year's $81-million heist in Bangladesh, have launched a task force to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks, according to two sources with knowledge of the matter.