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...

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.

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.

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.

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.

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.

To stop any further hacking of its network, Bangladesh Bank is installing monitoring software on all its computers that would instantly

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.

More than half of the $81 million Bangladesh Bank's money, which ended up in the Philippines through hacking, went to local casinos

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.

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.

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.

Bangladesh Bank has identified the people involved in the hacking of around $100 million (Tk 780 crore) from its foreign currency account with the Federal Reserve Bank of New York, claim BB officials. Almost the entire amount was transferred online to the Philippines banking system and a small portion of it to Sri Lanka by suspected Chinese hackers on February 5, they said.

A portion of US$100 million which is allegedly hacked from reserve account of Bangladesh Bank in the United States on February 5 has been recovered, the central bank says.

Criminals are now using international credit cards issued by foreign banks to steal money.

Bangladesh Bank triples the limit for international transaction for online purchase that will boost e-commerce services in the country. The scope of the purchase facility has also been widened to accommodate magazine and newspaper subscriptions.

While the law enforcers are busy identifying the culprits involved in the recent ATM frauds, the central bank is doing everything possible to protect customers and bring back confidence in the automated transactions.

A Bangladesh Bank official says the central bank is investigating dubious transactions in the Eastern Bank Ltd (EBL) ATM booths and action would be taken against him if negligence by anybody is found.

The High Court directs the Anti-Corruption Commission and Bangladesh Bank to submit probe reports on BASIC Bank loan scam.

A Dhaka court yesterday ordered a judicial inquiry into the allegation of sexual abuse of a university student by a sub-inspector in the capital.