An official of India’s Punjab National Bank received gold and diamond jewelry as bribes for his involvement in a scandal that defrauded the lender of nearly $2 billion. So far, the police in India have arrested 13 people, seven from Punjab National Bank (PNB) and...
In continued efforts tied to an investigation of $81 million stolen from Bangladesh’s central bank, the entity is sending officials to the Philippines to try to recover additional funds. The $81 million lost to thieves takes its place among the largest amounts pilfered through cybercrime,...
Bank robberies, even the quirky ones, are serious business. People get killed, hurt or emotionally traumatized by these events. And as scary as it is for victims, sometimes the perpetrator’s story is just as sad, even in cases that appear funny at first glance –...
In the ongoing investigation into one of the biggest and more brazen bank robberies seen to date, and done digitally, The Wall Street Journal reports that federal prosecutors are “building cases” against North Korea that would point toward that nation as being behind the pilfering...
September 17, 2018
In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away with $1 billion. U..S court filings this month may have revealed whodunit — and how. The cyberattack made off with the bucks via bits and bytes, using SWIFT to issue fraudulent instructions.
August 26, 2017
Bank robberies, even the quirky ones, are serious business. People get killed, hurt or emotionally traumatized by these events. And as scary as it is for victims, sometimes the perpetrator’s...
March 05, 2018
An official of India’s Punjab National Bank received gold and diamond jewelry as bribes for his involvement in a scandal that defrauded the lender of nearly $2 billion. So far, the police in India have arrested 13 people, seven from Punjab National Bank (PNB) and six from companies owned by billionaire jeweler Nirav Modi and […]
September 05, 2017
In continued efforts tied to an investigation of $81 million stolen from Bangladesh’s central bank, the entity is sending officials to the Philippines to try to recover additional funds. The...
March 23, 2017
In the ongoing investigation into one of the biggest and more brazen bank robberies seen to date, and done digitally, The Wall Street Journal reports that federal prosecutors are “building...
December 19, 2016
Turkey’s Akbank financial institution was targeted by hackers via the SWIFT global money transfer system earlier this month. While the bank confirmed no customer data was compromised by the threat,...
