FIRST AIRED: May 16, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program

Business

Bangladesh probe blames SWIFT for cyber heist

Opening sequence

Opening sequence

Business

Bangladesh probe blames SWIFT for cyber heist

0:00
17:12
More Info

COMING UP:Bangladesh probe blames SWIFT for cyber heist

×

Transcript

00:00:00
>>
SOUND] T
ading blame over one of the biggest cyber heists ever. A Bangladeshi investigation pointing the finger at the SWIFT messaging network, saying it opened the door for malware that hackers used to steal 81 million from the country's central bank in February. The probe says when SWIFT technicians linked the network to some of the banks' computers last year, it found they skipped major security steps and uninstalled antivirus software without telling central bank officials.
00:00:26
SWIFT has already denied blame for the theft, insisting its system is secure it's the backbone of the global banking system, and it's how most central and commercial banks communicate to keep money flowing around the world. Once inside the Bangladesh bank, hackers used SWIFT to send payment request to the New York Fed.
00:00:42
The hackers tried to take $1 billion and were only stopped short because of a typo on one of their messages. There are also signs Bangladesh wasn't a one-off case. Late on Sunday, a bank in Vietnam also said it was the target of an attack to steal $1 million using the same method as the unknown hackers behind Bangladesh, malware and SWIFT.