The $80m (£55.5m) cyber heist that hit the Central Bank of Bangladesh in February has been blamed on almost non-existent IT security. According to investigators, the bank had not even installed a firewall and used second-hand switches bought for $10 to network computers connected to the SWIFT global payments system. The bank’s catastrophically inept IT security made it easy for hackers to break into the organisation and arrange the heist, and it has also made it difficult for investigators to find out where the hackers might have come from and exactly how they executed the robbery.
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ORIGINAL SOURCE: Computing