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Friday 11 March 2016

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




Typos are really embarrassing, but this time it saved the Bangladesh Central Bank and the New York Federal Reserve by preventing a nearly $1 Billion (£700 Million) heist.

Last month, some unknown 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. But…

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