Cyber Crime and a modulation of massive threat
Md. Taqi Yasir
Bangladesh has experienced a massive cyber crime threat by the unknown hackers few days back. The crime was carried out by the Malware installed in the computers of the bank. The hackers obtained identification needed for payment relocation from Federal Reserve Bank of New York and then moved massive sums to sham accounts based in the Philippines and Sri Lanka.
The criminal group was able to transfer a total amount of about $81 Million from the Bangladesh Bank’s account through a series of deceitful transactions, but a typographical error in some transaction banned an extra $850 Million Heist.
Safekeeping researchers from FireEye’s Mandiant are helping the Dhaka investigators to probe the imitation heist.
Investigators believe hackers installed some type of malware in the Bangladesh Federal Reserve bank’s computer systems before the crime and watched how to extract money from its reserved account of transaction at The US.
Although the malware type has not been acknowledged, the malevolent software likely included spy programs that let the faction learn how money was processed in the system inputs, received and sent.
The malware in question could be a budding RAT i.e Remote Access Trojan or an analogous series of spyware that gave hackers the ability to expand far-off control of the bank’s operating systems.
The scrutinizers suspect that the hack could have exploited a “zero-day” error as they are unfamiliar to vendors as well as their whole dealt process.
After this, the hackers were able to steal the Bangladesh Bank’s testimonial for the SWIFT code systematic process, a highly secure financial transactional system propagated and utilized by banks worldwide to correspond with each one other. SWIFT and the Bangladesh Central Bank in Motijheel are working together to steadfastness an inside outfitted number at the central bank, and a Belgium-based SWIFT said in a report Friday. SWIFT’s core transactional messaging operational theories were not influenced by the concern and unrelenting to work as normal and the process overall can be the spacious form of alligator insecurity.