10th August 2016
Rizal Commercial Banking Corp (RCBC) officials say they have preserved ties with major U.S. banks despite the use of one of its branches in Manila by cyber criminals to funnel $81 million stolen from the Bangladesh central bank’s account at the Federal Reserve Bank of New York. The money was… Read More
26th July 2016
The Bangladesh central bank said on Tuesday its Philippine counterpart had nearly completed an investigation into how $81 million of its money wound up in a Manila bank, and that it hoped for the swift return of the stolen funds. Governor Fazle Kabir told reporters he hoped the Philippine authorities… Read More
21st June 2016
When it comes to cybersecurity, the UK public need to wise up or face the consequences. That is one of the many findings of a fresh government report triggered by the TalkTalk data breach last year. The report, titled ‘Cyber Security: Protection of Personal Data Online’, is the result of… Read More
16th June 2016
The U.S. attorney’s office in Manhattan has opened an investigation of the cyber heist of $81 million from Bangladesh Bank’s account at the Federal Reserve Bank of New York, a law enforcement source said. Preet Bharara, the U.S. attorney for the Southern District of New York, is investigating the February… Read More
6th June 2016
Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two people with direct knowledge of the matter. Read More
6th June 2016
Digital currencies will be covered in updated regulation. Banks’ know-your-client operations under tighter scrutiny. Read More
26th May 2016
Brits who use online banking services vulnerable to criminal hackers could be made liable for financial losses stemming from theft, as intelligence officials, central bankers and Downing Street seek to shirk responsibility. Read More
25th May 2016
Main provider of cross-border bank payment messages criticises failure to pass on information Read More
18th May 2016
To further enhance the cyber resilience of the banking sector in Hong Kong, the Hong Kong Monetary Authority (HKMA) announced today the launch of a “Cybersecurity Fortification Initiative” (CFI) at the “Cyber Security Summit 2016” (the ‘Summit’), in which the HKMA also serves as the Programme Advisor for this prestigious event. Read More
17th May 2016
Corporate Australia reports seeing more local economic crime than the rest of the world. Read More