Mar 24 2017
Federal prosecutors are reportedly mounting a case that could implicate North Korea in the massive bank heist previous year in which hackers stole $81 million from Bangladesh Bank's account at the Federal Reserve Bank of NY.
To carry out the theft, the attackers, used the global payment messaging system, Swift, to persuade the Federal Reserve Bank of NY transfer funds from the Bangladesh bank to accounts in the Philippines.
The branch of the US central bank rejected most of the requests but filled some of them, resulting in $81 million disappearing into casinos and other entities in the Philippines.
The Philippines returned $15 million of the stolen funds after a court declared Bangladesh was the rightful owner of the money in November 2016.
Thus, the USA government appears to have evidence - and likely, classified intelligence - that ties the Democratic People's Republic of Korea to the Bangladesh Bank heist.
After the theft, The Foreign Policy said, security firms quickly pointed the finger at North Korea.
"If that linkage is true, that means a nation-state is robbing banks".
Supreme Court Bolsters Rights of Learning-Disabled Students
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Security officials have expressed concern that the heist could represent a new level of strength in cyberwarfare.
Researchers at the security firm Symantec previously had linked the theft to a series of cyber-attacks on the United States financial system and the 2014 hacking of Sony Pictures.
NORTH Korea's despotic leader and his cronies are being investigated by the Federal Bureau of Investigation over claims they were involved in a $1 BILLION bank scam. "That is a big deal; it's different", he said on Tuesday during a panel discussion at the Aspen Institute.
"The whole security community has said that the attack tools and techniques used in Sony are the same ones used in Bangladesh", said Eric Chien, an engineer with security vendor Symantec Corp.
The high-level probe follows revelations more than £75m has gone missing from the Bangladesh Bank's own bank account.
A spokesman for the European Commission told Reuters that despite increasing pressure on North Korea over the country's nuclear program and missile tests, the move to block the nation's banks "is a commercial matter for SWIFT", adding that European officials "do not interfere in the business decisions of any such company".
Mar 23 2017
Supreme Court Increases School Standards For Students With Disabilities
Educational plans for them, he said , must still be "appropriately ambitious in light of his circumstances". NEA urged the court to adopt exactly that approach in its amicus brief in the Endrew case.
Mar 23 2017
Man Turns Self In To Police After Fatal Midtown Stabbing
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Mar 22 2017
NK engine test likely for satellite rocket, rather than ICBM: US expert
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Mar 22 2017
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Last year, globally averaged sea surface temperatures were the warmest on record, following a record set the previous year. We are now in truly uncharted territory, said World Climate Research Programme Director David Carlson.
Mar 22 2017
Ivanka Trump Gets West Wing Office, Access to Classified Info
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Mar 21 2017
Pakistan PM orders Afghan border crossings to reopen
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Mar 20 2017
Federer, Wawrinka set up showdown in Indian Wells final
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Mar 20 2017
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Mar 18 2017
McDonalds tweet slams Trump
McDonald's handling of the situation, in addition to initial customer reactions, probably won't affect them in the long run. His supporters are also boycotting Hawaii after a judge from the state temporarily halted Mr Trump's second travel ban.
Mar 18 2017
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With the streamlined review system, the company hopes it can pair you with content you want to watch more quickly and easily. Along with the new method, Netflix will give suggestions on what else to watch based on what you have liked in the past.
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