Bangladesh minister good and POed after $ 80m CyberHeist

Bangladesh's finance minister has said he wants to "wipe out" the Philippines bank linked to a cyberattack that left the country's central bank $81 million out of pocket. The Bangladesh government is considering lodging a court case against Rizal Bank, which was used to funnel the proceeds stolen from the Bangladeshi Federal Reserve Bank of New York bank account.

Abul Maal A. Muhith said "We will discuss the case with Bangladesh Bank. We want to wipe out Rizal Bank from earth." In February last year, a hacker group used stolen SWIFT credentials to make over three dozen large money requests from the bank account to entities in the Philippines. While the group attempted to steal $850 million, they managed to make off with $81 million before a small typographical error in a transfer request brought the scam down. Security experts have linked the heist to Lazarus, a threat group linked to attacks on entities including manufacturing companies, media, and financial institutions in at least 15 countries worldwide.

The Bangladesh bank may file the case against Rizal Commercial Banking Corp (RCBC) to retrieve the stolen proceeds.

RCBC was fined $20m in 2016 for failing to prevent the flow of fraudulent cash being sent. RCBC has filed money laundering charges against a former RCBC manager and four individuals who owned the bank accounts the money was sent to.