Temple University

Week 10 in the news

“Hacker’s Typo Tipped Off Authorities on Billion-Dollar Heist”
A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last month involving the Bangladesh central bank and the New York Federal Reserve. Unknown hackers still managed to get away with about $80 million. The hackers breached Bangladesh Bank’s systems and stole its credentials for payment transfers. 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. Hackers misspelled “foundation” in the NGO’s name as “fandation”, prompting a routing bank, to seek clarification from the Bangladesh central bank.

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