angelatc
09-03-2016, 10:07 PM
http://www.reuters.com/investigates/special-report/cyber-heist-federal/
The only reason they didn't transfer the entire $951 million was .... a fortunate coincidence. The scammers set up an account using the word "Jupiter" somewhere in the instructions, and it triggered a a sanctions alert on an entirely unrelated entity.
It was a “total fluke” that the New York Fed did not pay out the $951 million requested by the hackers, said a person familiar with the Fed’s handling of the matter. There is no suggestion the oil tanker or shipping company was involved in the heist.
Video: How the heist worked, an animated guide
(http://www.reuters.com/investigates/special-report/cyber-heist-federal/#video-heist)
http://www.reuters.com/investigates/special-report/assets/cyber-heist-federal/related_RTR2DQ4O.jpg?v=303010210716The Philippines connection: where the money disappeared
(http://www.reuters.com/investigates/special-report/cyber-heist-federal/#sidebar-philippines)
From May: SWIFT in the dark about previous security breaches
(http://www.reuters.com/article/us-cyber-heist-swift-specialreport-idUSKCN0YB0DD)
The Reuters examination has also found that the payment orders sent by the hackers were exceptional in several ways. They were incorrectly formatted at first; they were mainly to individuals; and they were very different from the usual run of payment requests from Bangladesh Bank. Yet it was the word Jupiter that set the loudest alarm bells ringing at the New York Fed. Even then it appeared to react slowly.
By the time the fraud was discovered, the New York branch of the U.S. central bank had approved five of the payments. It took $101 million from Bangladesh Bank and paid it to accounts in Sri Lanka and the Philippines – including $81 million to four accounts in the names of individuals. Most of that $81 million remains lost.
It was among the most audacious cyber-heists ever to emerge – shining a light on worrying weaknesses in the global financial system and into a little-known corner of the U.S. Federal Reserve: its Central Bank and International Account Services unit (CBIAS), which one former employee described as a “bank within a bank.
The only reason they didn't transfer the entire $951 million was .... a fortunate coincidence. The scammers set up an account using the word "Jupiter" somewhere in the instructions, and it triggered a a sanctions alert on an entirely unrelated entity.
It was a “total fluke” that the New York Fed did not pay out the $951 million requested by the hackers, said a person familiar with the Fed’s handling of the matter. There is no suggestion the oil tanker or shipping company was involved in the heist.
Video: How the heist worked, an animated guide
(http://www.reuters.com/investigates/special-report/cyber-heist-federal/#video-heist)
http://www.reuters.com/investigates/special-report/assets/cyber-heist-federal/related_RTR2DQ4O.jpg?v=303010210716The Philippines connection: where the money disappeared
(http://www.reuters.com/investigates/special-report/cyber-heist-federal/#sidebar-philippines)
From May: SWIFT in the dark about previous security breaches
(http://www.reuters.com/article/us-cyber-heist-swift-specialreport-idUSKCN0YB0DD)
The Reuters examination has also found that the payment orders sent by the hackers were exceptional in several ways. They were incorrectly formatted at first; they were mainly to individuals; and they were very different from the usual run of payment requests from Bangladesh Bank. Yet it was the word Jupiter that set the loudest alarm bells ringing at the New York Fed. Even then it appeared to react slowly.
By the time the fraud was discovered, the New York branch of the U.S. central bank had approved five of the payments. It took $101 million from Bangladesh Bank and paid it to accounts in Sri Lanka and the Philippines – including $81 million to four accounts in the names of individuals. Most of that $81 million remains lost.
It was among the most audacious cyber-heists ever to emerge – shining a light on worrying weaknesses in the global financial system and into a little-known corner of the U.S. Federal Reserve: its Central Bank and International Account Services unit (CBIAS), which one former employee described as a “bank within a bank.