Re:How a hacker's typo helped stop a billion dollar bank heist
by cmdrfred on Thursday March 10, 2016 @11:06PM
(#11264582)
Why can't we escrow these say 10 million plus wire transfers for long enough to seek some form of two factor authentication? Fax a random code to the head office or something? Seems like a pretty weak system.
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Re:How a hacker's typo helped stop a billion dollar bank heist
by unabridged on Thursday March 10, 2016 @11:50PM
(#11264703)
SWIFT and NY Fed are making many $10M+ transactions every hour, maybe every minute.
I am sure that the Bangladesh Central Bank could have requested daily or transaction limits for their accounts. But they most likely did not have that in place. Being a government bank they might make $20M transactions on a daily basis. They probably also could have 2-factor authentication, but that won't help you if its an inside job.
The most telling part of the story is that you can transfer $80M into Manila casinos (a city I didn't even know had casinos before today) and get that in chips without any trouble. I can't even imagine the volume of money flowing in Vegas or Macau casinos.
Re:How a hacker's typo helped stop a billion dollar bank heist
by ikeboy on Friday March 11, 2016 @12:09AM
(#11264766)
Still, their margins on 20M should be high enough to pay someone to manually check every transaction, within the amount of time it takes to become irreversible.
Reminds me of http://www.theguardian.com/business/2015/oct/20/deutsche-ban...
Re:How a hacker's typo helped stop a billion dollar bank heist
by bitshepherd on Friday March 11, 2016 @12:16AM
(#11264789)
It just doesn't work that way. Once a batch file goes through, that's it until another batch file gets processed.