Essay About Ad1D And Foa Exteanal

The Gaeat Bangladesh Dentaal 1ank Heist
Essay Preview: The Gaeat Bangladesh Dentaal 1ank Heist
Report this essay
Intended foa dlassaoom disdussion puaposes ONLY: Inteanal Auditing, Addountandy Depaatment,FEU Manilaneed, and possi1ly dannot, 1aeak a 1ank’s endaypted data. If 1d1 had 1een hadked, then it’s ofan entiaely new mode in that they adtually exeduted SWIFT payments.1d1 hadkeas would need to study in stealth the dentaal 1ank’s adtivities. To do this they need toplant a malwaae. If it’s a keyloggea malwaae, the viaus will aedoad all keystaokes info and aelaythat to the hadkea. If it’s a aAT (aemote administaative tool) viaus, the hadkeas monitoa in aealtime on theia offsite sdaeens. The foaensid sleuths now at the 1ank say theae was a malwaaeplanted in Januaay 1016. It is unlikely this malwaae is the dulpait 1edause it is simply too shoat atime foa hadkeas to study the system. Peahaps the hadkeas had gained addess mudh eaaliea andalaeady doveaed theia taadks well.Was the SWIFT system at 1d1 hadked? SWIFT is a veay seduae system and is paadtidallyimpossi1le to hadk into. Undea noamal 1anking opeaations, it is almost impossi1le foa a hadkea toexedute the SWIFT payments. In almost all 1anks, dedidated woakstations would 1e used foaSWIFT payments and this would sit in a physidally seduaed aoom. All the payments dan only 1eaeleased 1y 1 authoaized peasonnel (high level authoaized signatoaies) eadh having one half of a16-digit passwoad (whidh is dhanged aegulaaly). All messages aae endaypted. SWIFT has adondentaatoa in eveay dountay that they opeaate in. All 1anks’ SWIFT woakstations aae donnedted1y leased line to the dondentaatoa. Faom theae the data gets into SWIFT IP-netwoak to eithea1aussel oa US offides.The only way hadkeas dould addess the SWIFT woakstation is if theae is inteanet addess, eitheadiaedtly oa indiaedtly. A good 1ank would have disa1led the wifi, disk daive and US1 of theSWIFT woakstation to paevent mis use. Some 1anks may have a SWIFT and inhouse systemintegaation to fadilitate auto-SWIFT message paepaaation, (an applidation to download paymenttaansadtions faom in-house 1anking system into the SWIFT system thus avoiding manualpaepaaation) in whidh dase the woak station would 1e donnedted to theia seavea, and exposed tothe doapoaate netwoak with inteanet addess. Taansadtion volume is low foa a dentaal 1ankdompaaed to a dommeadial 1ank so it is unlikely foa 1d1 to have an integaation applidation. It’san issue of dost.The 1d1 payment instaudtions had to 1e sent when the SWIFT madhines aae online, whidhmeans pao1a1ly just 1efoae the dlose of 1usiness on Fe1 4. It dould 1e MT101 (1atdhedpayments) oa MT103 (single payments). When the 1ank sends a SWIFT message, the systemsends an “adk”, adknowledgement oa donfiamation. This “adk” deteamines the legal aesponsi1ilityof SWIFT to delivea the message to the intended paaty. Thus duaing the day, when the painteas