Bangladesh Bank heist (2016)
Hackers sent fraudulent SWIFT payment instructions to the Federal Reserve Bank of New York, moving $81 million from Bangladesh's central bank into accounts in the Philippines and Sri Lanka. Most of the money was never recovered.
The theft triggered a review of payment verification practices at central banks and correspondent banks worldwide.
It pushed financial institutions to adopt stronger monitoring of payment instructions and beneficiary account verification before funds move.
Demonstrates the cost when fraudulent payments travel through trusted systems, the same risk ZoneProcure's Eftsure integration targets for B2B payments.
