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Fallout Over Hack by N. Koreans Hits Philippines Bank

Posted on February 2, 2019 by Dissent

Christine Stuart reports:

Bangladesh’s central bank brought a federal complaint against one of the largest banks in the Philippines on Thursday to recover $80 million that it says was stolen from North Korean hackers.

At the time it was stolen from Bangladesh Bank, says lawyer John Sullivan of Yehudah Gordon, the money was being held in an account at the Federal Reserve Bank of New York.

Bangladesh Bank say it was hacked by the same North Koreans “who had already broken into the computer systems of Sony Pictures Entertainment.”

Read more on Courthouse News.

Category: Financial SectorHackNon-U.S.Of Note

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