The Biggest Cyber Attack in Bangladesh: A Wake-Up Call to Cybersecurity
Our lives have become much more convenient as digitization has grown, but it has also introduced a brand-new threat: cyberattacks. Bangladesh has seen its fair number of cyberattacks, like many other nations, but none as significant as the one that happened in 2016. The specifics of Bangladesh's largest cyberattack and its fallout will be covered in this blog. The Bangladesh Bank was the target of a significant cyberattack in February 2016. Through the bank's account at the Federal Reserve Bank of New York, the hackers, who are thought to be from North Korea, were able to steal $101 million. Hackers gained access to the SWIFT network, which is used for international money transactions, by deploying malware that was able to get past the bank's security measures. The hackers had intended to steal $1 billion from the bank, but they were thwarted when the bank discovered a spelling mistake in one of their transfer requests, preventing them from stealing an additional $870 milli...