The SWIFT system, short for Society for Worldwide Interbank Financial Telecommunication, is a network used by financial institutions to securely transmit information and instructions for international money transfers.
Bangladesh reopened the 2013 bank theft case to investigate new evidence that has come to light and to ensure that justice is served for the victims of the crime.
The reopening of the case has raised concerns about security vulnerabilities in the banking sector in Bangladesh and has prompted a reevaluation of policies and procedures to prevent similar incidents from occurring in the future.
The 2013 bank theft case in Bangladesh was a major incident that involved hackers stealing millions of dollars from the countrys central bank through fraudulent SWIFT transactions.
Following the 2013 bank theft case, authorities in Bangladesh have implemented stricter cybersecurity measures, such as bolstering network defenses and conducting regular security audits to prevent similar cyberattacks.
The international community has expressed support for the reopening of the bank theft case in Bangladesh, emphasizing the need for transparency, accountability, and cooperation among countries to combat cybercrimes on a global scale.
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Bangladesh reopens 2013 bank theft case via SWIFT