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Insight: How a hacker's typo helped stop a billion dollar bank heist

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.


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Hard to believe a typo could re-route $20 million dollars.

You'd figure there would be some checks and balances.

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