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In today’s episode, Ed is back with a dumpster that can be traced back to the last decade instead of the last century. Kara’s monumental time travel into the Great Depression that changed America forever left off with the nation as the wealthiest and most powerful country in the world. While that’s pretty comforting to thin, about as an American, for those outside America, that wealth is a bull’s eye for those with the skills to “hack” into it.
Therefore, Ed is going to talk about the greatest bank heist in world history: the Bangladesh Bank Heist of 2016. This is where some very creative and skillful hackers put together a plan to rob the Bangladesh Bank and subsequent United States Federal Reserve of nearly $1billion! The heist itself only took a night to implement, but the plan dated back to the end of October 2014 and for over a year, these hackers hatched a plan so creative, detailed, and ambitious, any notion of failure was out the window. Even if failure did rear its ugly head, which happens often in this show, the hackers would still walk away with tens of millions of dollars.
In this episode, Ed will explain:
Part 1. What electronic banking is, how it’s different from banking in the 1800s, the pros and cons of electronic banking and how it changed the landscape of bank robbing.
Part 2. What happened on that fateful February 6th, 2016, day when office workers of the Bangladesh Bank arrived to work, only find that computers and one special printer weren’t working.
Part 3. The origins, identification, and the plan to steal nearly $1 billion in a single night. The elaborateness of this plan will blow you away!
Part 4. The execution of the plan on February 5, 2016, and how things went right from the beginning and how a misspelled word nearly brought the entire operation down.
Part 5. The outcome, who the hackers were, the nation state actors in play, and how does this affect your life.
Be sure to check The Day’s Dumpster Fire website of the complete catalog, detailed show notes, and Kara’s artwork.
Some other episodes you will like:
Episodes 41 & 42 – America’s Involvement in the Vietnam War
Episode 9 - Therac-25 Fire: a great episode that is computer themed much like this episode, but with the twist of what can happen when the computer can't keep up with the human user and people are getting zapped.
Hey before you go!
If have ideas for future episodes that you want Kara and Ed to look into, email them at thedaysdumpsterfire@gmail.com. They would love to hear from you!
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