Unknown hackers robbed more than $100 million from Bangladesh’s central bank in February 2016, and the losses would have been even worse if other banks hadn’t blocked 31 of the attempted wire transfers because they suspected money laundering.
Click here to read this article, in which SRZ special counsel Michael L. Yaeger and associates Melissa G.R. Goldstein and Kimberly G. Monty detail how this the attack took place and discuss the cybersecurity lessons to be learned, which include the ways that an AML compliance program might be used to support cybersecurity.