Cyber Heists

Latest News for: Cyber heists

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Money laundering 101

The Daily Tribune 15 Jan 2019

Unfortunately, this show draws strong comparison with the Bangladesh cyber-heist debacle that ended up in the Philippines to an unsuspecting RCBC branch located along Jupiter St., Makati City, on the lap of branch manager Maia Deguito, who was recently convicted for eight counts of money laundering by the Makati Regional Trial Court....

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Cyber heist case still open

Journal Online 13 Jan 2019

(RCBC), the Department of Justice yesterday said that the $81-million cyber heist in Bangladesh Bank in 2016 is not yet a closed case ... View the discussion thread. ....

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Cyber heist: 6 bankers’ turn to face raps

Manila Standard Today 13 Jan 2019

The Justice department said Sunday the $81-million cyber heist in Bangladesh Bank in 2016 was not yet a closed case despite the conviction of former Rizal Commercial Banking Corp ... The pendency of the case means a possibility of another trial on the Bangladesh Bank heist in court ......

photo: AP / Bullit Marquez

In this March 17, 2016 photo, Rizal Commercial Banking Corp. branch manager Maia Santos-Deguito takes her seat before testifying for the second time before the Philippine Senate probe into how about $81 million of Bangladesh's stolen funds were transmitted online to four private accounts at its branch in suburban Pasay city, south of Manila, Philippines.

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Bank manager in $81 million Bangladesh Bank cyber heist sentenced

Gulf News 10 Jan 2019

The Makati Regional Trial Court has sentenced a bank manager implicated in one of the biggest bank robberies in history, the $81 million (Dh300 million) Bangladesh Central Bank cyber heist of 2016 ... eight counts of money laundering in connection with the trans-border cyber heist....

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This Rs 130-crore cyber heist in India is straight out of Hollywood movie plot

International Business Times 10 Jan 2019

The con job is one of India's biggest cyber heists valued at a whopping Rs 130 crore ($18.6 million), which is the amount hackers stole from the company ... How did the heist take place? ... The company didn't label the professional heist as cyber-attack but a fraud....

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Bank manager guilty of money laundering, gets 32 years in jail

Manila Standard Today 10 Jan 2019

was sentenced to at least 32 years in jail and fined $109 million Thursday in the first conviction over one of the biggest cyber-heists that saw $81-million stolen from Bangladesh’s central bank ... A North Korean hacker is also wanted by the United States on charges he and a state-sponsored hacking crew masterminded the Bangladesh heist....

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Philippine court orders jail for former bank manager over Bangladesh central bank heist

Reuters 10 Jan 2019

A Philippine court on Thursday held a former bank manager guilty on eight counts of money laundering, the first conviction in one of the world's largest cyber heists, in which $81 million was stolen from Bangladesh's central bank nearly three years ago ... ....

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Ex-bank manager convicted of laundering

The Daily Tribune 10 Jan 2019

The Makati Regional Trial Court Branch 149 on Thursday convicted a former branch manager of Rizal Commercial Banking Corp. on eight counts of violation of the Anti-Money Laundering Act in connection with the $81 million cyber heist in 2016 from the central bank of Bangladesh ... With Elmer N. Manuel .......

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Philippine woman convicted in Bangladesh central bank heist

Asahi News 10 Jan 2019

MANILA--A Philippine court on Thursday held a former bank manager guilty on eight counts of money laundering, the first conviction in one of the world's largest cyber heists, in which $81 million (8.7 billion yen) was stolen from Bangladesh's central bank nearly three years ago ... She was also ordered to pay a total fine of about $109 million ... ....

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How Hackers Stole $1B From Cryptocurrency Exchanges In 2018

A Bit of News 31 Dec 2018

So, who were the hackers behind the heists and how did they get away with it? ... Often launching their attacks out of China, possibly in order to try and obfuscate accurate geo-political attribution, the Lazarus actors are widely thought to be nation-state players tasked with cyber heists to help boost the beleaguered North Korean economy....

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Pictured: The bizarre home-made machine built by fraudster, 53, once dubbed the King of Acid House to con unwitting victims out of £500,000 by pretending to be their bank

This is Money 14 Dec 2018

The self-styled 'anarcho-capitalist', who also uses the surname Colston-Hayter, then became a cyber fraudster, masterminding a £1.25m cyber bank heist which saw him jailed for five and half years in 2014 ... Police were shocked to discover the machine actually worked ... ....

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Fraudster once dubbed the King of Acid House is jailed for almost two years after creating a bizarre scam machine to con victims out of £500,000 by pretending to be their bank

This is Money 13 Dec 2018

The self-styled 'anarcho-capitalist' then became a cyber fraudster, masterminding a £1.25m cyber bank heist which saw him jailed for five and half years in 2014 ... Police were shocked to discover the machine actually worked ... ....

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RCBC appoints veteran banker as deputy CEO

Manila Standard Today 11 Dec 2018

2 next year ... Philippines, Citibank N.A ... Hong Kong ... Buenaventura joined RCBC at the height of the Bangladesh cyber heist issue with a mandate to stabilize and improve its operations, strengthen its internal systems and procedures and meet regulatory requirements that would allow the bank to provide more competitive products and services ... ....