Bangladesh: New York fed had ‘major lapse’ in $100M robbery

Msn Money ^ | March 22, 2016 | Arun Devnath

[detective]

Bangladesh’s central bank has suggested the Federal Reserve Bank of New York had a “major lapse" in allowing hackers to transfer $101 million in transactions that it later flagged as suspicious, according to an internal document seen by Bloomberg.

[detective]

$101 million was stolen from Bangladesh Bank. $20 million was returned. "About $81 million ended up in the Philippines and most has disappeared"

Money doesn't "disappear". Sounds like an inside job.

[mad_as_he$$]

I had a GF once that could make money disappear at an amazing rate.

[Don Corleone]

I’d investigate the whereabouts of one Sean Connery and Catherine Zeta-Jones.

[Wally_Kalbacken]

Who knew Bangladesh had $101M?

[DoodleDawg]

Again, if you’re going to steal $100 million electronically from the Bank of Bangladesh then where do you think you would have more difficulty hacking in? Their system or the New York Feds system?

[freefdny]

http://www.zerohedge.com/news/2016-03-10/incredible-story-how-hackers-stole-100-million-new-york-fed
It sounds like the security at the NY Fed is not up to par.

[Yo-Yo]

That's what Bangladesh gets for writing their password on a Post-It™ note and leaving it stuck to their monitor.

The Filipino cleaning lady ends up with $81 million.

[DoughtyOne]