News Report

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$100m Bangladesh bank fraud

Episode 160315 / 15 Mar 2016

Step 1: Listen

You're going to hear a genuine BBC news report from 15 March 2016. Before you listen, read these three summaries:

a) Bank robbers broke into and stole $100m from the national bank of Bangladesh.

b) Organised thieves used the internet to steal $100m from a commercial bank in Bangladesh.

c) Organised thieves used the internet to steal $100m from the national bank of Bangladesh.

Now listen and decide which one is correct. Listen again if you need to.

Step 2: Learn the key words and listen again

How was that? Try listening again. Here are four definitions of key vocabulary items which may help you.

central bank
a national bank which has control of a country's money  

audacious
carried out with confidence despite high risk

cyber heist
organised online robbery

breached
(here) broke into

Step 3: Transcript and answer

The head of the central bank in Bangladesh has resigned after hackers stole more than $100m from the country's foreign currency reserves in an audacious cyber heist that's hugely embarrassed the government.

Unknown hackers breached the computer systems of the central bank in Bangladesh and transferred the money to casinos in the Philippines in early February.

Answer

c) Organised thieves used the internet to steal $100m from the national bank of Bangladesh.

This bulletin comes from BBC World Service Radio.

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