Insight: How a hacker's typo helped stop a billion dollar bank heist
Marlene Breverman stashed this in Hackers
Four requests to transfer a total of about $81 million to the Philippines went through, but a fifth, for $20 million, to a Sri Lankan non-profit organisation was held up because the hackers misspelled the name of the NGO [nongovernmental organization] Shalika Foundation.
Hackers misspelled "foundation" in the NGO's name as "fandation", prompting a routing bank, Deutsche Bank, to seek clarification from the Bangladesh central bank, which stopped the transaction, one of the officials said.
Stashed in: security
Hard to believe a typo could re-route $20 million dollars.
You'd figure there would be some checks and balances.