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Freshfields TQ

Technology quotient - the ability of an individual, team or organization to harness the power of technology

| less than a minute read

The Bank Bangladesh hack, two years later

According to a Reuters article published today, Bank Bangladesh is looking to recover tens of millions of dollars stolen in an infamous 2016 hack.  And it's looking to a bank in the Philippines that the hackers used to move the stolen loot.

I'm quoted on why it's very difficult to infer anything from the settlement of another hacking-related lawsuit between Banco del Austro and Wells Fargo, and why the legal situation in that case wasn't necessarily analogous to the situation between Bank Bangladesh and the Philippines bank.

Check it out.

Tags

europe, americas