07Apr

$1 Billion Fraud Stopped After $80 Mil. Stolen

Hackers Spelling Mistake Was Key

A compromised computer system at Bangladesh Bank allowed hackers to steal credentials to initiate transfers out of the Federal Reserve Bank of New York totaling almost $1 billion. Ultimately, a spelling mistake on one of the transfer instructions raised enough eyebrows to halt the on-going transfers after $80 million had already been stolen.

The Bangladesh Bank is now working to recover the money.

Read the full story here.

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National Practice Leader
Sean Missal
(860) 466-7377
smissal@berkleycrime.com

Mid-West Regional Mgr.
Michael Beranek
(501) 707-6548
mberanek@berkleycrime.com

East Regional Manager
Matt McNamara 
(212) 497-3707
mmcnamara@berkleycrime.com

Amanda VanCauwenberge 
(312) 730-1101
avancauwenberge@berkleycrime.com

Patricia Logan 
(212) 497-3708
plogan@berkleycrime.com

Kyna Love
(312) 705-1132
klove@berkleycrime.com

Cheryl Yorio 
(860) 466-7379
cyorio@berkleycrime.com

 

Everton Barrington, FLMI
(860) 466-7376
ebarrington@berkleycrime.com

Alexander Doerflein 
(212) 497-3724
adoerflein@berkleycrime.com

West Regional Manager
Jennifer Maggi 
(925) 472-8217
jmaggi@berkleycrime.com

P: 844.44.CRIME
info@berkleycrime.com
www.berkleycrime.com
Steve Nguyen 
(925) 472-8233
snguyen@berkleycrime.co

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