Proofing your work is important. We’ve known that since school days, but you would think when you have the chance to swipe a billion dollars in an international bank heist, you’d make sure you dotted all the i’s and crossed all the t’s. That didn’t happen in the case of one hacking group though, which made away with a comparatively paltry $80 million because they made a spelling mistake when transferring the ill gotten gains.
The hack in question took place at the start of February and targeted Bangladesh’s central bank, which was breached in a manner that did not initially raise any suspicion. The hackers then used that official channel to contact the Federal Reserve Bank of New York, and began issuing transfer orders that sent millions overseas.
Requests successfully directed over $80 million to accounts in the Philippines and Sri Lanka, with further planned payments of over $850 million. However one $20 million payment request was flagged by the routing bank, Deutsche Bank, when it was noticed that the name of the recipient organization, Shalika Foundation, was spelled “fandation” (as per the Guardian). For the full article click here
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