Malware suspected in BB heist: officials
Investigators suspect unknown hackers installed malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, for how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday.
More than a month after hackers breached Bangladesh Bank’s systems and attempted to steal nearly $1 billion from its account at the Federal Reserve Bank of New York, cyber security experts are trying to find out how the hackers got in.
FireEye Inc’s Mandiant forensics division is helping investigate the cyber heist, which netted 
SWIFT working with BB after hack
The SWIFT bank messaging service said in a statement on Friday that it was working with Bangladesh's central bank "to resolve an internal operational issue at the central bank."
It added that "SWIFT's core messaging services were not impacted by the issue and continued to work as normal."
A SWIFT spokeswoman declined to elaborate on the brief statement, which was issued in the wake of a massive cyber heist at Bangladesh's central bank.
It added that "SWIFT's core messaging services were not impacted by the issue and continued to work as normal."
A SWIFT spokeswoman declined to elaborate on the brief statement, which was issued in the wake of a massive cyber heist at Bangladesh's central bank.
Criminals in BB heist likely studied bank’s inner workings
The perpetrators of a $100 million digital heist at Bangladesh’s central bank had deep knowledge of the institution’s internal workings, likely gained by spying on bank workers, security experts said.
Unknown hackers breached Bangladesh Bank in early February, stole credentials for payment transfers and then ordered transfers out of a Federal Reserve Bank of New York account held by Bangladesh Bank (BB), according to Bangladesh Bank officials.
Bangladesh government officials blamed the Fed for the attack when they disclosed the loss. The New York Fed responded on Tuesday saying there was no evidence its systems were compromised in the attack, one of the biggest bank thefts in history.
The Fed said it followed normal procedures when responding to requests that appeared to be
Chinese hackers accused of stealing $ 100m from BB
The Bangladesh central bank says it is working to recover some $100 million allegedly stolen by Chinese hackers from an account at the Federal Reserve Bank of New York.
Authorities have given few details about how the money disappeared. But Finance Minister A.M.A. Muhith says authorities are considering suing the U.S. bank over the money’s apparent transfer to accounts in the Philippines, reports AP.
Muhith said the U.S. bank has “no way to avoid their responsibility.”
The New York Fed put out a brief statement through its Twi...
Muhith said the U.S. bank has “no way to avoid their responsibility.”
The New York Fed put out a brief statement through its Twi...
New project to trace Bangladesh shrimp back to farm
Consumers of shrimp farmed in Bangladesh may soon be able to trace the origins of what they are eating back to the producer, thanks to an e-traceability system launched by WorldFish. The system, including a new mobile application, is part of a five-month pilot to try out digital traceability in the shrimp sector under the USAID-funded Aquaculture for Income and Nutrition (AIN) project, writes Kate Bevitt, WorldFish.
As part of the pilot project, 300-500 farmers will be connected to a collection center at Borodanga, southern Bangladesh, where the bulk of the country’s shrimp exports are produced.
NBR for reforming VAT to uniform rate system
Chairman of the National Board of Revenue (NBR) Nojibur Rahman recently (Monday) said the NBR has now no choice but to implement the Value Added Tax and Supplementary Duty Act. The Chairman said global policy on finance and trades have been undergoing reform in terms of capacity building to ensure sustainable development of economy. Taking consideration of the reforming policy of G-7 and China, NBR is willing to take partnership with stakeholders like ICAB to generate more revenues through change of its revenue collection policies, he added. Change is permanent, NBR value this phenomenon and come up with policy reform initiatives to create a revenue culture in the country, he said.
