Not all the errors are bad. Some could be good as well.
A minor spelling error by hackers brought light on a heist of nearly USD 1 billion, recently, involving a central bank in Bangladesh and New York Fed.
The hackers, however, managed to get away with as much as USD 80 million, in one the biggest banking heist in the recent past.
After stealing the credential of the Bangladesh’s bank, the hackers started transferring the stolen money in different banks across the world.
The first four requests were successful, and they managed to siphon off USD 80 million.
The fifth, however, got stuck after the hackers misspelled the word “foundation” as “fandation”, which was a word in the name of an NGO.
The bank receiving the fund got in touch with banking authorities in Bangladesh to seek clarity, thus came the light in the heist.
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