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WHEN REPORTS SURFACED in February of a spectacular bank hack that sucked $81 million from accounts at Bangladesh Bank in just hours, news headlines snickered over a typo that prevented the hackers from stealing the full $1 billion they were after.
Last week the snickering stopped with new reports that the hackers struck a second bank, and possibly others—though authorities won’t say if those heists were equally successful. Bank hacks have traditionally focused on stealing the login credentials of bank account holders—either individuals or small businesses. Billions have been stolen successfully in this way. But the hacks in this case targeted the banks themselves and focused on subverting their SWIFT accounts, the international money transfer system that banks use to move billions of dollars daily between themselves.
As details continue to trickle out about how the heists unfolded, here’s a look at what we do and don’t know so far.
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References
https://www.bbc.com/news/stories-57520169
https://youtu.be/mCX-Px7H4h4
https://www.wired.com/2016/05/insane-81m-bangladesh-bank-heist-heres-know/
https://youtu.be/Usu9z0feHug
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