http://www.reuters.com/article/us-usa-fed-bangladesh-typo-insight-idUSKCN0WC0TC Someone needs to go back to school to learn to spell. Missed out on $1 billion.Can't make up stories like this.
That's actually a really interesting news story. As much as they messed up, they still got away with almost 100 million bucks USD, which goes VERY far in that part of the world. I don't think this is a case of "go back to school for spelling." It was one very minor error and I bet their first language is probably not even English. I am pretty damn good at spelling English words, but I certainly do not have anywhere near the ability to code and carry out such a heist. But goes to show you how damned important attention to detail is.
It does appear they did get away with a fair few transactions though beforehand, and now they want to sue the Fed! They were hacked and it appears they have traced where it came from and are trying to get the money back. For such a poor country, they seem to have a lot of money they squirrel away and insiders may have just have had enough. No excuse to do what they did, but the fact it hasn't made more headline news means they don't want people to know.
Okay, so I'm from the Philippines and I don't know what embarrassed me more, the fact that they tried to steal such huge amounts of money or the fact that they misspelled the name of the foundation. In any case, what they did is something that I'm not proud of. I just wished that they have used their technological prowess in other ways. Uh, even newbie IT workers here earn a substantial amount of salary, lots more than average people. So if they used their skills in something legal, they could have been better human beings for it. I'm just happy that the higher transactions did not go through because of this spelling mistake. Good for them.