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Bangladesh bank unlikely to extend FireEye contract

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#1 AplusWebMaster



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Posted 22 June 2016 - 11:41 AM


- http://www.reuters.c...h-idUSKCN0Z81U6
Jun 22, 2016 - "Bangladesh's central bank is unlikely to extend the contract of U.S. cyber security firm FireEye to investigate the electronic theft of $81-million of its money, sources at the bank said on Wednesday, citing high costs as one of the factors. The move comes as a nearly four-month broader investigation into one of the world's biggest cyber heists makes slow progress. FireEye's Mandiant forensics division was hired by Bangladesh Bank weeks after the cyber heist in early February. It said in an interim report that hackers took control of the bank's network, stole credentials for sending messages on the SWIFT transactions system and used 'sophisticated' malicious software to attack the computers the bank uses to process and authorize transactions. Mandiant has said it needs 570 hours of more work to complete its investigations, a director on the board of Bangladesh Bank told Reuters. The bank has already paid about $280,000 to the company at an hourly rate of $400, he and other officials said. All of them spoke on condition of anonymity..."

- http://www.reuters.c...t-idUSKCN0Z826G
Jun 22, 2016 - "The Federal Reserve Bank of New York might begin taking closer looks at international money transfers using the SWIFT network, Fed Chair Janet Yellen said on Wednesday in response to questions over a recent theft by cyber criminals. 'The New York Fed systems weren't compromised but they are looking at their processes, looking at what's best practices, looking at the possibility of enhanced monitoring for certain kinds of transactions', Yellen said in an appearance before lawmakers."

:ph34r: :ph34r:

Edited by AplusWebMaster, 22 June 2016 - 02:43 PM.

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