© 2024 Connecticut Public

FCC Public Inspection Files:
WEDH · WEDN · WEDW · WEDY · WNPR
WPKT · WRLI-FM · WEDW-FM · Public Files Contact
ATSC 3.0 FAQ
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Bangladesh Central Bank Heist Noticed Because Of Spelling Error

Hackers sent nearly three dozen requests to the Federal Reserve Bank of New York to move money from the Bangladesh bank's account there. The hackers got away with more than $80 million.   (Andrew Burton/Getty Images)
Hackers sent nearly three dozen requests to the Federal Reserve Bank of New York to move money from the Bangladesh bank's account there. The hackers got away with more than $80 million. (Andrew Burton/Getty Images)

A spelling mistake during an online bank heist last month helped put a stop to the theft, according to bank officials. The hackers broke into the website for Bangladesh’s central bank, and stole codes that allowed them to request financial transfers from the Bangladesh bank account at the Federal Reserve of New York.

More than $80 million was stolen in four transfers, but the fifth transfer to Sri Lanka’s Shalika Foundation was held up because the world foundation was spelled “fandation,” and that caught the attention of Deutsche Bank, which was involved in the transfer. Here & Now‘s Meghna Chakrabarti speaks with Mike Regan of Bloomberg Gadfly about what happened.

Correction: An earlier version of the text above misstated the amount stolen. It was $80 million, not $80 billion.

Guest

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.