Mar 102016
 

The Telegraph reports:

A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion (£700 million) heist last month involving the Bangladesh central bank and the New York Fed, banking officials said.

Unknown hackers still managed to get away with about $80 million, one of the largest known bank thefts in history.

The hackers breached Bangladesh Bank‘s systems and stole its credentials for payment transfers, two senior officials at the bank said. They then bombarded the Federal Reserve Bank of New York with nearly three dozen requests to move money from the Bangladesh Bank’s account there to entities in the Philippines and Sri Lanka, the officials said.

Read more on The Telegraph.
h/t, Michael Adams

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