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About PCX - Report PDF
1. In February 2016, hackers were able to steal $81 million from Bangladesh Bank's account at the New York Federal Reserve Bank by sending fraudulent SWIFT payment orders. 2. The hackers have been connected to the Lazarus group in North Korea. The heist highlighted vulnerabilities in the security systems of both Bangladesh Bank and SWIFT. 3. While most of the fraudulent transactions were blocked, the incident damaged trust in the global banking system and security practices need to be strengthened.
Detailed Information
| Author: | ['Shahriar Shihab'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 6 |
| Language: | English |
| Format: | |
| Price: | FREE |
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