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The SWIFT Heist: A Cybersecurity Case

Lorraine Lee & Richard D. Mautz

Journal of Forensic Accounting Research2025https://doi.org/10.2308/jfar-2024-025article
AJG 2ABDC B
Weight
0.50

What the paper says

In 2016, cyber criminals exploited cultural differences to conceal a nearly $1 billion attempted fraud at Bangladesh Bank via the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, the primary messaging network through which international payments are initiated. With an emphasis on control environments and activities, this teaching case uses the 2016 Bangladesh Bank heist as a case study of the importance of IT controls in a global, technology-driven, networked environment. Students experience the case background through popular media outlets (i.e., podcasts) and apply their knowledge of the COSO Internal Control framework to analyze the existence, design, and effectiveness of the internal control system at Bangladesh Bank. Overall, this case provides an engaging, multimedia classroom activity in which accounting students can apply their knowledge of cybersecurity, risk management, and internal control systems. Data Availability: Data are available upon request.

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https://doi.org/https://doi.org/10.2308/jfar-2024-025

Or copy a formatted citation

@article{lorraine2025,
  title        = {{The SWIFT Heist: A Cybersecurity Case}},
  author       = {Lorraine Lee & Richard D. Mautz},
  journal      = {Journal of Forensic Accounting Research},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.2308/jfar-2024-025},
}

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.