Question

How did the Bangladesh Central Bank lose $1 billion in a cyber security threat?

A. Criminals used the SWIFT network to trick the US Federal Reserve to transfer BCB funds

B. Criminals logged into the BCB software and withdrew money from accounts held by the rich

C. Criminals used phishing techniques to collect customer account details and consequently withdrew the
money

D.Criminals withdrew the money that was sent to SWIFT from BCB​

Answer 1

Answer:

The correct answer is option A

Explanation:

The Bangladesh Bank robbery also colloquially known as the Bangladesh bank cyber heist; took place in February of 2016, when 35 fraudulent instructions were issued by security hackers via SWIFT network to illegally transfer around USD 1 billion from the Federal Reserve Bank of New York