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Dated: 31-10-2024

Ch1: why is Information Security Needed

Bangladesh Bank Swift Hack - Feb 2016

Hackers used swift credentials of Bangladesh Central Bank employees to send more than 3 dozen fraudulent money transfer requests.

  • Requests sent to the Federal Reserve Bank of New York asking the bank to transfer millions of the Bangladesh Bank's funds to bank accounts in the Philippines, Sri Lanka, and other parts of Asia.
  • USD 81 million stolen
  • Total impact could have been USD 1 billion

Wanna Decryptor Ransomware - 2017

This NHS hack affected 99 countries
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Importance of Information

  • IT is pervasive in our society & critical to the Ops & management of all organizations
  • IT is an enabler for business and govt
  • Information holds value
  • Personal information is vital for individuals to function in society
  • As per PWC Global Economic Crime Report 2016, Cyber Crime was amongst the top 3 most commonly reported types of economic crime
  • As per Europol 2013 report, Cyber Crime is now more profitable than the drug trade
Post Assessment

In Bangladesh Bank SWIFT Hack — Feb 2016, hackers send more than _ dozen fraudulent money transfer requests.

  • 3
  • 2
  • 4
  • 7

In Bangladesh Bank SWIFT Hack, USD _ stolen.

  • 81 million
  • 69 million
  • 70 million
  • 80 million

The NHS hack has shutdown IT systems in _ countries.

  • 88
  • 99
  • 100
  • 70