Bangladesh's central bank chief quits over $100m fraud

BBC News reporting on the fate of Bangladesh's central bank chief:

The head of Bangladesh's central bank, Atiur Rahman, has resigned after cyber-thieves stole more than $100m from the country's foreign currency reserves.

To commit the attack, the gang spent time studying the internal processes of Bangladesh's central bank, so they could convincingly pose as officials when requesting the transfers.

However, the sheer number of transactions and a spelling mistake helped alert bank staff to the theft.

An incredible story. Even more so because it emerged that unknown hackers had stolen the money from the Bangladesh's account with the Federal Reserve Bank of New York.