3 ms·

I believe it's overdramatised. The commotion in Bangladesh over missing $1B was bigger not so much because of money missing, but how it went undetected, and co

I believe it's overdramatised. The commotion in Bangladesh over missing $1B was bigger not so much because of money missing, but how it went undetected, and covered up. BAL goondas preemptively abducted country's leading computer security guy, beaten him half dead, and made him shut-up for a mere prospect of him being involved into investigation.

bigbluedots 5y ago
[citation needed]
- baybal2 5y ago
  https://news.ycombinator.com/item?id=11319750 https://news.ycombinator.com/item?id=11319750
  - raverbashing 5y ago
    Here is proof that being technically capable is not so useful if you don't have corporate/governmental/legal knowledge and "street smarts" People (especially the technically inclined) have a rose-coloured view of how things should work. And yes if the company is up to date on security practices your vulnerability reports will be welcome. If not, well... (Not saying it should be like this, I'm saying drawing attention to yourself needlessly is not the wisest thing, especially if you don't have a plan B)
  - mzs 5y ago
    At the time there was a Reuters report that he made it back to his wife after the days long ordeal thankfully. https://www.reuters.com/article/us-usa-fed-bangladesh-idINKCN0WP1XM https://www.reuters.com/article/us-usa-fed-bangladesh-idINKC...
  - NikolaNovak 5y ago
    Hah; check the comments in linked thread about "Trump Effectively Inciting Violent Action among his supporters". Let's put aside our individual perspectives and interpretations on events of 2021 for a moment - either way it's fascinating that comment is from 2016 :O
webmobdev 5y ago
Note that a billion dollar didn't go missing - they attempted to steal a billion dollar but only managed to get $81 million, out of which roughly a quarter has been recovered by Bangladesh. As the article points out, the cover-up started at the highest level, with the governor of the central bank himself not informing the government or law agencies as soon as the news reached him. He tried to hire some other security agencies to trace and retrieve the money, (probably hoping to salvage some of his reputation and following the old maxim that it is better to seek forgiveness than permission). He ofcourse had to resign the next day. I am sure the law went overboard while investigating a case of this maginitude with huge public pressure on them - it's pretty common in Asia for the police to even resort to torture.

bigbluedots 5y ago

[citation needed]

baybal2 5y ago
https://news.ycombinator.com/item?id=11319750 https://news.ycombinator.com/item?id=11319750
- raverbashing 5y ago
  Here is proof that being technically capable is not so useful if you don't have corporate/governmental/legal knowledge and "street smarts" People (especially the technically inclined) have a rose-coloured view of how things should work. And yes if the company is up to date on security practices your vulnerability reports will be welcome. If not, well... (Not saying it should be like this, I'm saying drawing attention to yourself needlessly is not the wisest thing, especially if you don't have a plan B)
- mzs 5y ago
  At the time there was a Reuters report that he made it back to his wife after the days long ordeal thankfully. https://www.reuters.com/article/us-usa-fed-bangladesh-idINKCN0WP1XM https://www.reuters.com/article/us-usa-fed-bangladesh-idINKC...
- NikolaNovak 5y ago
  Hah; check the comments in linked thread about "Trump Effectively Inciting Violent Action among his supporters". Let's put aside our individual perspectives and interpretations on events of 2021 for a moment - either way it's fascinating that comment is from 2016 :O

webmobdev 5y ago

Note that a billion dollar didn't go missing - they attempted to steal a billion dollar but only managed to get $81 million, out of which roughly a quarter has been recovered by Bangladesh. As the article points out, the cover-up started at the highest level, with the governor of the central bank himself not informing the government or law agencies as soon as the news reached him. He tried to hire some other security agencies to trace and retrieve the money, (probably hoping to salvage some of his reputation and following the old maxim that it is better to seek forgiveness than permission). He ofcourse had to resign the next day. I am sure the law went overboard while investigating a case of this maginitude with huge public pressure on them - it's pretty common in Asia for the police to even resort to torture.