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Director / Editor: Victor Teboul, Ph.D.
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Bangladesh to Sue Manila Bank Over $81-Million Cyber Heist

Bangladesh's central bank will file a lawsuit against a Philippines bank for its role in one of the world's biggest cyber-heists two years ago, a deputy governor said on Wednesday. Unidentified hackers stole $81 million from Bangladesh Bank's account at the New York Fed in February 2016, using fraudulent orders on the SWIFT payments system. The money was sent to accounts at Manila-based Rizal Commercial Banking Corp (RCBC) and then disappeared into the casino industry in...


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