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Bangladesh Eyes Settlement In US Cyber Heist Suit Ahead Of Its Own Case | www.SecurityPhresh.com
Bangladesh Eyes Settlement In US Cyber Heist Suit Ahead Of Its Own Case
16th Apr 2018 [6 months ago] from www.topix.com
An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central banks planned suit to recover $66 million still lost in one of the worlds biggest such cases. A suit by Ecuadors Banco del Austro against Wells Fargo Co was quietly settled in February, less than a month before a trial date was set, and the U.S. district court in Manhattan sealed all discussions, according to court documents.

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