Thursday, December 8th, 2016 MST

Category: Interesting Issues

North Korea linked to $81 million theft

According to Symantec, North Korea probably is responsible for the $81 million theft from Bangladesh’s central bank.  Researchers at the digital security firm uncovered “a rare piece of code” that had been seen in previous hacking cases by North Korea. The theft is believed to be the first by a nation for purely financial gain. 

War on cash

A former head of the UK’s Standard Charter bank proposes that the war on cash be ratcheted up. ln a paper published Sunday, Peter Sands demonized large banknotes, saying they are “king among terrorists, drug lords and tax cheats.” According to him, Illicit money flows are estimated to run up to $2 trillion a year.

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