Bangladesh Bank

(redirected from Central Bank of Bangladesh)

Bangladesh Bank

The central bank of Bangladesh. It is responsible for issuing the Bengali taka and setting the country's monetary policy. In setting its policies, the Bank is required to attempt to maximize employment, productivity and real income. It was established in 1971.
References in periodicals archive ?
The NIS found that the malware used in hacking the exchanges was made with the same method as malware used in hacking Sony Pictures and the central bank of Bangladesh in 2014 and 2016 respectively, the Chosun Ilbo reported.
This came a year after money stolen by cybercriminals from the central bank of Bangladesh entered the domestic financial system.
Lazarus is the cyber gang believed to be behind massive breaches including the Sony Pictures hack in 2014 and the multi-million cyber robbery against the Central Bank of Bangladesh last year.
The central bank of Bangladesh has sent a team to Manila to try and recover money that was hacked from its accounts in the US.
The central bank of Bangladesh - Bangladesh Bank has accomplished the signing of an agreement with the World Bank Group member International Finance Corporation (IFC) to promote women entrepreneurs of the SME sector.
com/north-korea-linked-bangladesh-bank-heist-fbi-may-charge-reclusive-nation-multimillion-2513645) theft of $81 million from the central bank of Bangladesh .
The Lazarus hacking group has been involved in multiple cyber attacks in the past, including - the attacks against Sony Pictures in 2014, the Central Bank of Bangladesh cyber heist in 2016 and a subsequent series attacks in 2017.
In February this year, $81 million was stolen from the central bank of Bangladesh.
Webster noted that the cybercriminals who hacked into the central bank of Bangladesh were using "fairly sophisticated malware.
Swift won't name the most recent bank robbed, but it's the second time, and "investigators are still trying to solve the $81 million heist from the central bank of Bangladesh in February," which involved the transfer from Federal Reserve Bank of New York to accounts in the Philippines.
SWIFT and the Central Bank of Bangladesh are working together to resolve an internal operational issue at the central bank," Belgium-based SWIFT said in a statement Friday.
She said central bank of Bangladesh regularly monitor such loans and the SBP should also play this role.
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