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How a Typo Stopped Hackers from Stealing $1 Billion from Bank

Hackers broke into Bangladesh’s central bank, obtained credentials needed for payment transfers and then transfer large sums to fraudulent accounts based in the Philippines and Sri Lanka. Nearly three dozen requests hit the Federal Reserve Bank of New York on 5 February using the Bangladesh Bank’s SWIFT code, out of which four resulted in successful transfers, for a total value of about $81 million. When hackers attempted to make their fifth transfer of $20 Million to a Sri Lankan non-governmental organization called the, they made a typo by attempting a transfer to the Shalika “Staff at Deutsche Bank, which was involved in routing funds, spotted this spell error and got asked the Bangladeshis for clarification on the typo.”]

Source: https://thehackernews.com/2016/03/bank-hack.html

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