Bangladesh Bank at risk of cyber attack

Bangladesh Bank's central server seems to be at high risk of hacker intrusion and stealing money by placing fraudulent orders as hackers have reportedly installed malware there. The intrusion is not uncommon to us as hackers have penetrated the server before and stole $101 million of Bangladesh Bank that was deposited in New York Fed account in 2016. In March, the Bangladesh
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VAT on Online Advertisement

National Board of Revenue (NBR) will deduct 15% vat on ads posted on social media platform Facebook, video sharing platform Youtube & search engine Google, according to a statement by Bangladesh Bank on Monday, 4th March, 2019. Banks have been provided with separate instructions by Bangladesh Bank. Instructions to the banks include ensuring VAT deduction from service receiver from the service
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NPL rose to BDT 939 billion

The amount of classified loans rose more than 26% by the number of BDT 196.08 billion in the last fiscal year in spite of various measure taken by Bangladesh Bank. The amount of NPL was BDT 939.11 billion on 31 December, 2018 which was BDT 743.03 billion on the same date of 2017 according to BB. During the October-December period of
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BB governor

Former Bangladesh Bank governor proposes fund for innovation, research

Former governor of Bangladesh Bank Dr. Atiur Rahman has proposed creation of a national innovation and research fund to encourage more young people to become entrepreneurs He made the proposal while addressing a seminar organised for youths by World Linkup at the Senate Building of Rajshahai University on Saturday, says a statement. Describing the youths as the main resources for building
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Bangladesh Bank allows holding foreign loan collaterals without approval

In an effort to streamline international finance, the Bangladesh Bank has made provision for local commercial banks to hold collaterals on behalf of the on-resident lenders against external loans, availed by the state entities, without prior approval from Bangladesh Bank (BB).
"We've relaxed regulations allowing the authorised dealers (AD) banks to hold collaterals against external loans without prior approval from the
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Bangladesh Bank (BB)

Bangladesh Bank Installing Monitoring Software

Bangladesh Bank(BB) is installing monitoring software on all its computers that would instantly alert the IT department of any cyber attack or suspicious activity. The installation of the new software began last week after hackers stole $101-million last month from a BB account at New York Federal Reserve Bank. US-based FireEye Inc has provided the BB with the monitoring software.
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Bangladesh Bank Brings Back $20m Stolen Money

Bangladesh Bank has recovered US$20-million of the US$100-million that was digitally stolen by cyber criminals. Suspected Chinese-origin cyber criminals hacked the forex reserves in Bangladesh Bank's account with the US Federal Reserve Bank in New York on February 05. The money was later transferred into banks of the Philippines and Sri Lanka by using the online system.
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Bangladesh Bank

Banglades Bank’s Forex Reserve In NY : Hackers Steal $100M

Around $100-million was illegally transferred online by hackers to the Philippines from the Bangladesh Bank’s foreign exchange reserve through its account with the Federal Reserve Bank of New York. The money was transferred online to a Philippines bank by suspected Chinese hackers on February 5th. The central bank authorities are negotiating with the Philippines authorities to bring back the money.
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