Bangladesh Bank(Banking Frauds and Hacks)

Banking Frauds and Hacks - Bangladesh Bank

Time: 2016

Place: Dhaka, Bangladesh

Details: Unknown hackers (possibly the Lazarus group) the fact that hackers managed to break into SWIFT's global money-transfer system was a cause of huge concern. With this data, the hackers had free rein to male withdrawals under the protection of the system, which supposedly employed top-notch security measures. Thankfully, Pan Asia banking canceled the $20 million it had already received from Bangladesh bank, then sent those funds back to Bangladesh bank's New York Fed account. It seems the hackers tried to transfer the money to the Shalika Foundation. However, they misspelled "foundation" as "fandation".