Former PNB banker Gokulnath Shetty took advantage of the same SWIFT integration flaw that led to the Bangladesh bank heist to siphon money to Nirav Modi and Co.
3 min read21 Feb 2018Bangladesh's central bank will file a lawsuit against a Philippines bank for its role in one of the world's biggest cyber-heists in February 2016, a deputy governor said today
1 min read7 Feb 2018A series of fumbles by banks and regulators across the world let hackers get away with most of the $100 million they had siphoned off
2 min read22 Jul 2016SWIFT has hired two outside cyber security firms, BAE Systems and Fox-IT2, to reinforce its in-house expertise
1 min read11 Jul 2016Digitization of the global economy points to new and inevitable risks, like the massive $81 million theft from Bangladesh Bank in February
1 min read28 Jun 2016Investigators have determined that one team of hackers, dubbed Group Zero in the report, was responsible for the heist and remained inside the network
3 min read13 May 2016The daring cyber heist put the spotlight on security systems of central banks across the world, requiring further fortification to fend off hackers
2 min read15 Apr 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared