Bangladesh Bank
Govt should quit over BB reserve heist: BNP
BNP demands Prime Minister Sheikh Hasina and her government's resignation over the recent heist from Bangladesh Bank account with Federal Reserve Bank of New York.
15 March 2016, 13:55 PM
Atiur’s resignation a rare instance of moral strength: PM
Prime Minister Sheikh Hasina terms resignation of Bangladesh Bank governor as a rare instance of moral strength and courage, according to the PM’s press secretary.
15 March 2016, 11:54 AM
BB sues unidentified persons for reserve heist
Bangladesh Bank files a case against unidentified persons under money laundering prevention act for the recent heist of US$101 million from BB account with Federal Reserve Bank of New York.
15 March 2016, 10:48 AM
Quitting out of moral responsibility, Atiur says after resigning as Bangladesh Bank governor
Atiur Rahman, who resigned as Bangladesh Bank governor this morning, says he opted to quit out of moral responsibility over the heist of US$101 million from the central bank’s account with the New York Federal Reserve Bank.
15 March 2016, 09:40 AM
Fazle Kabir to be made new BB governor: Muhith
The government decides to appoint former finance secretary and incumbent chairman of state-run Sonali Bank Fazle Kabir as new governor of Bangladesh Bank (BB), Finance Minister AMA Muhith says.
15 March 2016, 08:29 AM
Muhith cancels press confce after governor’s resignation
Finance Minister AMA Muhith has cancelled his press conference minutes after the Bangladesh Bank governor resigned over the recent heist of $101 million out of the bank’s account with New York’s Federal Reserve Bank.
15 March 2016, 05:24 AM
$101m heist: Atiur quits as governor of Bangladesh Bank
Bangladesh Bank Governor Atiur Rahman submits resignation letter to the PM amid criticism over the heist of US$101m from the central bank’s account with Federal Reserve Bank of New York by hackers last month.
15 March 2016, 04:02 AM
Atiur faces heat
Bangladesh Bank Governor Atiur Rahman yesterday faced criticism from government high-ups and a number of ruling party leaders for “incompetent handling” of the cyber theft.
Finance Minister AMA Muhith was furious, and hinted that the top management of the BB may see changes as the fallout of the theft of $101 million from the BB account with the New York Federal Reserve Bank.
14 March 2016, 18:00 PM
Need for better systems and protocols
The news that foreign hackers attempted to off $101 million from Bangladesh Bank's account with the Federal Reserve Bank of New York need not be viewed as a catastrophic failure...
13 March 2016, 18:10 PM
Forensic team examining BB computers
A forensic team is examining all computers of the Bangladesh Bank to determine how a malware hacked into the payment system of the central bank and stole $101 million.
13 March 2016, 18:00 PM
Muhith fumes at central bank
Finance Minister AMA Muhith yesterday said he would take action against Bangladesh Bank for keeping him in the dark for more than a month about the theft of $101 million from the BB account with the New York Federal Reserve Bank.
The central bank came to know about the incident two days after cyber thieves stole the money from the BB account on February 4 midnight when all the BB staff went on the two-day weekly holiday, according to BB officials.
13 March 2016, 18:00 PM
Banking secy was unaware of BB cyber heist
Finance ministry's secretary for banking division says he was unaware of the cyber heist, where a sum of $101 million was swindled out, throughout the last month.
13 March 2016, 10:32 AM
Action against Bangladesh Bank: Muhith
The finance ministry will take action against Bangladesh Bank for not informing the government formally about the bank’s $101 million cyber heist, Finance Minister AMA Muhith says.
13 March 2016, 08:51 AM
Dangerously exposed
The recent hacking of the Bangladesh Bank system to steal at least $100 million reveals the vulnerability of the central bank's IT infrastructure, weak operational architecture and probable insider link.
The heist also puts to question what kind of network architecture and firewall it has in place. Everybody is talking about malware injection into the BB system but nobody is asking how the malware could enter the supposed-to-be most robust and secure system of a central bank in the first place.
12 March 2016, 18:05 PM
BB installing monitoring software
To stop any further hacking of its network, Bangladesh Bank is installing monitoring software on all its computers that would instantly
12 March 2016, 18:00 PM
Serious breach of financial security
The US$101 million siphoned off from Bangladesh Bank (BB) by cyber criminals was not only the single largest heist but also the first of its kind.
11 March 2016, 18:00 PM
$46m flew into Manila casinos
More than half of the $81 million Bangladesh Bank's money, which ended up in the Philippines through hacking, went to local casinos
11 March 2016, 18:00 PM
FireEye hired to help probe Bangladesh Bank heist: Sources
FireEye Inc's Mandiant forensics division is helping to investigate a cyber heist at Bangladesh's central bank last month that netted more than $80 million, people familiar with the matter tell Reuters.
11 March 2016, 07:21 AM
Hackers bugged BB system in Jan
Hackers installed malicious software into the Bangladesh Bank system in January, which helped them gain knowledge of the central bank's working methods before stealing some $101 million.
The forensic investigation by the BB, launched soon after the February 4 digital heist, detected the presence of the malware, said finance ministry and BB officials.
10 March 2016, 18:00 PM
Hackers' bid to steal $870m more foiled
The hackers who stole Bangladesh Bank's money were on their way to pull off a heist of about $1 billion, but the banking system responded in time to stop the transfer of $870 million from the central bank's account with the New York Federal Reserve Bank.
9 March 2016, 18:00 PM