

72: Bangladesh Bank Heist
37 snips Aug 18, 2020
Geoff White, an investigative journalist for BBC News and Channel 4, dives into the audacious billion-dollar Bangladesh Bank Heist. He unpacks the meticulous planning and execution by hackers, showcasing how they exploited network vulnerabilities to pull off the largest bank robbery in history. The conversation also reveals the chaos that erupted at the bank when unauthorized transactions came to light. White discusses the laundering of $81 million through Philippine casinos and the troubling connections to North Korean cyber activity, shedding light on modern cybercrime's global implications.
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Bank Robbery Ambitions
- Bank robbers have varying ambitions, from hundreds to thousands of dollars.
- Some attempt elaborate heists for millions, showcasing resourcefulness and skill.
Targeting Bangladesh Bank
- The robbers targeted Bangladesh Bank, the country's central bank, due to its perceived vulnerability.
- They aimed to steal a billion dollars from its foreign currency reserve account at the New York Fed.
Cyber Heist Plan
- The robbers planned a cyber heist using hacking skills.
- They aimed to transfer the money electronically instead of a traditional physical robbery.