Nepal Rastra Bank(NRB), the central banking authority of Nepal, reports that it has successfully retrieved a major portion of the amount that was hacked from NIC ASIA Bank’s SWIFT system.
Unidentified cybercriminals had hacked the SWIFT system of NIC ASIA Bank during the Tihar vacation, when all the operation of banks remains closed. In banking history of Nepal, this is the biggest cyberheist till date.
SWIFT, or Society for Worldwide Interbank Telecommunication, is a global financial messaging system that is used by thousands of banks worldwide to transfer money.
NRB Spokesperson, Narayan Poudel has expressed his disappointment against the ongoing rumors about the total hacked sum. “Only 31 crores was hacked from the system, and out of it only 14 crores was transacted.”, says Poudel.
“NRB is making its utmost effort to retrieve all the left amount.”, he adds.
The hacked amount was transferred to eight banks in six countries.
Nepal, India Sign Agreement for Cross-Border Digital PaymentHIGHLIGHTS Nepal and India sign an agreement for cross-border digital payment. The agreement aims to…
Royal Enfield Expands Assembly Operations to Nepal: Birgunj Facility Now Operational!HIGHLIGHTS Royal Enfield CKD Unit expands local assembly operation to Nepal. CKD Unit in Birgunj…
Revamped Budget for Riders: Major Tax Cuts for Higher CC Bikes in Nepal!HIGHLIGHTS Govt has reduced excise duty on 200cc-400cc motorcycles. It has also reduced Road Development…