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Silent Printer Hid The Fraud
- A printer in Bangladesh Bank's secure room stopped printing, hiding a backlog of urgent Fed messages for days.
- That empty-room printer failure let hackers delay detection while they drained nearly $1 billion via SWIFT messages.
SWIFT Is The Financial Messaging Backbone
- SWIFT functions as the secure messaging backbone for international bank transfers and authorizes huge sums.
- Gaining access to a bank's SWIFT systems gives attackers direct financial control and potential to order massive transfers.
Timezones And Holidays As Attack Tools
- The hackers exploited timezones and regional holidays to create an effective five-day window to move funds.
- They timed transfers across Bangladesh, New York and the Philippines to minimize cross-bank coordination and detection.