Fortune — The malware that was used to steal $81 million from Bangladesh’s central bank has been linked to another cyber attack, this time on a bank in the Philippines, cyber security company Symantec said in a blog post on Thursday. The company said it had identified three pieces of malware that were used in limited targeted attacks against financial institutions in South-East Asia.
IT News — A Bangladesh government-appointed panel investigating the theft of US$81 million from the country’s central bank has found that international banking payments network SWIFT committed a number of mistakes in connecting up a local network. “We have shown that SWIFT made a number of errors that made it easy for the hackers,” Mohammed Farashuddin, a former governor of the Bangladeshi central, said.
Channel News Asia — NEW YORK/DHAKA: Investigators probing the cyber heist of US$81 million from the Bangladesh central bank connected it on Friday to the hack at Sony Corp’s film studio in 2014, while global financial network SWIFT disclosed a previously unreported attack on a commercial bank.
World Bulletin — The warning about the second attack came from Swift, which oversees the financial messaging network that underpins global money transfers. Swift said the target was a commercial bank but did not name the organisation or reveal if any cash had been taken. The attack used techniques and tools resembling those used to steal cash from Bangladesh in February, it said.
Channel News Asia — FRANKFURT: The European Central Bank will set up a database to register incidents of cyber crime at commercial banks, aiming to create an early warning and analysis system for big lenders, it told a German newspaper on Thursday. Attackers earlier this year stole US$81 million from a Bangladesh central bank account at the New York Fed in one of the biggest-ever cyber heists, heightening global concerns over cyber security.
IT News — Bangladeshi police investigating a US$81 million (A$110 million) cyber heist on the country’s central bank have claimed errors made by SWIFT technicians left the financial institution vulnerable to attack.
Channel News Asia — REUTERS: In the years before hackers stole US$81 million from a Bangladesh central bank account at the Federal Reserve Bank of New York, senior Fed security officials examined the risk of such an attack: but judged the prospect unlikely, bank sources told Reuters.
IT News — Security researchers have uncovered new insights into how attackers were able to compromise the SWIFT software platform used by the Bangladesh central bank to steal US$81 million (A$107 million). SWIFT, a cooperative owned by 3000 financial institutions, confirmed it was aware of malware targeting its client software.
Telecom Asia — Telecom Asia — Financial inclusion in Bangladesh just took a stride closer to reality with the launch of a new international remittance receiving service via a partnership between MasterCard, Western Union, bKash and BRAC Bank. The new service enables bKash’s registered customers to use their mobile phones to receive remittances from abroad directly into their bKash accounts.
IT News — Bangladesh’s central bank has hired a lawyer in the US for a potential lawsuit against the New York Federal Reserve after unknown hackers stole US$81 million (A$107 million) from its account. In one of the largest cyber heists in history, the hackers breached the computer systems of Bangladesh Bank (BB) in early February and succeeded in issuing instructions to the New York Fed to transfer US$81 million to accounts in the Philippines.
IT News — Bangladesh has formally sought assistance from the US FBI to track down the cyber crooks who stole US$81 million (A$107 million) from its central bank’s US account. Unknown hackers breached the computer systems of Bangladesh Bank in early February and attempted to steal US$951 million from its account at the Federal Reserve Bank of New York, which it uses for international settlements.
ZDNet — The head of the Bangladeshi central bank has resigned following a devastating cyberattack which rinsed the country’s federal reserve account of at least $80 million. Atiur Rahman, who served as Governor of the Bangladesh Bank, the central financial institution for the country, submitted his resignation to Prime Minister Sheikh Hasina this week according to the BBC.
GT Review — Bangladesh’s central bank governor Atiur Rahman resigned this week (March 16) after one of the biggest cyber heists in history was inflicted upon his bank. Unidentified hackers used Swift, the financial messaging system, technology to steal US$81mn from Bangladesh’s account at the Federal Reserve Bank of New York. The money is thought to have been transferred to accounts in Sri Lanka and the Philippines.
FT — The governor of the Bangladesh central bank has resigned over a $101m cyber theft from the bank’s accounts with the New York Federal Reserve last month. Atiur Rahman offered his resignation to Sheikh Hasina, Bangladesh’s prime minister, “for the sake of my country” after an audacious electronic raid that constitutes one of the biggest bank robberies in history.
ZDNet — Researchers believe that malware installed within the Bangladesh Bank’s computer systems allowed cyberattackers to learn how to withdraw and take off with $80 million from the institutes’ Federal Reserve bank account. This month, reports emerged of a group of unknown hackers launching a fraudulent scheme against the central bank of Bangladesh and the Federal Reserve Bank, based in New York.
India — Prime Minister Narendra Modi will inaugurate by remote control 100 mw power supply from Tripura’s Palatana project to Bangladesh on March 23. The same day Bangladesh Prime Minister Sheikh Hasina would provide 10 GB Internet bandwidth to India, Tripura Power and Communication Minister Manik Dey told reporters here today.
Times of India — DHAKA: Bangladesh’s central bank has confirmed that cybercriminals tried to withdraw $951 million from its US bank account, as the country’s finance minister said he first got to know of one of the biggest bank heists in history through the media.
Telecom Asia — Ericsson has secured a five-year contract with Telenor Group to deploy LTE networks in Thailand, Bangladesh and Malaysia. Under the deal, Ericsson will provide equipment for LTE rollouts by Thailand’s Dtac, Bangladesh’s Grameenphone and Telenor Myanmar. The contract also covers the transformation of Telenor’s 2G and 3G networks in the markets, to help improve network capacity and enhance the mobile broadband experience.
Lanka Business Online — Pre-feasibility studies for Sri Lanka India HVDC transformation link have already been done in collaboration with power grid India and CEB, a senior official said. Now India is connected to Bangladesh, Nepal, Bhutan and Sri Lanka is the country which is outside this grid at the moment and there are power deficits at various time intervals in both countries.
Telecom Asia — Axiata Group and Bharti Airtel have entered an agreement to merge their operations in Bangladesh to create an operator with a combined customer base of around 40 million. Under the deal, Robi Axiata and Airtel Bangladesh will combine their assets to create the second largest operator in Bangladesh after Grameenphone.
Telecom Asia — Grameenphone, Bangladesh’s biggest cell phone operator, plans to upgrade all of its existing 10,000 base transceiver stations across the country to support 3G by June this year. Grameenphone – 55.8% owned by Norwegian telco Telenor and 34.2% owned by local GrameenGrameen Telecom – said it currently has 5,800 such sites, and an additional 1,700 will be upgraded within the first quarter of this year, the Daily Star quoted Grameenphone CEO Rajeev Sethi as saying.
Gulf News — Kolkata: Agartala, the capital of the northeastern state of Tripura, is to become India’s third internet gateway, after Mumbai and Chennai. The announcement comes as Bangladesh’s submarine cable operator, Bangladesh Submarine Cable Company Limited (BSCCL), has already connected 10GBPS bandwidth with BSNL cable at the Akhaura integrated check post at the Indo-Bangladesh international border.
Times of India — AGARTALA: The third international internet gateway in Agartala is all set for inauguration which will take place after finalization of the schedule of Prime Minister Narendra Modi and his Bangladesh counterpart. Bangladesh’s lone submarine cable operator, Bangladesh Submarine Cable Company Limited (BSCCL), has already connected 10 GBPS bandwidth with Bharat Sanchar Nigam Ltd (BSNL) cable last week at the Akhaura integrated checkpost.
Digi Times — Asustek Computer will begin marketing its ZenFone 2 smartphones in Myanmar, Cambodia and Bangladesh in the first quarter of 2016, according to a Chinese-language Economic Daily News(EDN) report. Asustek is currently in talks with local first-tier channel operators in the three markets for cooperation and will also sell its smartphones through its PC sales channels, the paper said.
Tech in Asia — The Bangladeshi government has moved to block six social apps – Facebook, Messenger, Line, WhatsApp, Viber, and Tango – citing security reasons stemming from its decision to award the death penalty to two opposition leaders. The decision came after the country’s Supreme Court upheld an earlier ruling to execute the pair for crimes committed during the 1971 war, reports DW.
The government needs to answer questions about why the state-owned Bangladesh Submarine Cable Company Limited (BSCCL) is selling 57Gbps of bandwidth to an Italian company at a knock-down price far below the prevailing price in Bangladesh’s market. With broadband uptake in Bangladesh sorely lagging behind other countries, it makes no sense to export bandwidth at such low prices, when in other deals with India, BSCCl has achieved higher rates.
BD News 24 — Bangladesh Submarine Cable Company Limited (BSCCL) announced the price cut on Monday, saying the internet gateways will get 1MBPS bandwidth at Tk 625 from Tuesday, down from Tk 1,068. The 41 percent reduced price is applicable for 10GBPS (gigabyte per second) slab in Dhaka, Chittagong and Cox’s Bazar initially. The IIG operators say only one or two among the 37 of them buy from the 10GBPS slab from the BSCCL.
BD News 24 — She has also advised users to be more aware about the flipside of the technological progress. “Technology makes life conformable, but it also has its harmful consequences and many take advantage of this,” she said on Saturday while inaugurating the ‘Internet Week’. She opened the programme across Bangladesh through video conferencing from Ganabhaban, her official residence.
Bangladesh Submarine Cable Company Limited (BSCCL) announced the price cut on Monday, saying the internet gateways will get 1MBPS bandwidth at Tk 625 from Tuesday, down from Tk 1,068. Managing Director Md Monwar Hossain said the reduced prices would be applicable for 10GBPS (gigabyte per second) slab. Dhaka, Chittagong and Cox’s Bazar will initially enjoy the privilege.