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Cybercriminals attack Nepali banks’ SWIFT system

Gorkha Post



KATHMANDU — Unidentified cybercriminals have reportedly hacked into the SWIFT system of some Nepali banks to steal money, exposing vulnerability in the information technology system of the banks,according to media reports.

Society for Worldwide Interbank Telecommunication (SWIFT), is a global financial messaging system that thousands of banks and commercial organisations across the world use to transfer money.

The Nepal Rastra Bank (NRB), the central bank of the country, has confirmed the report that cyber theft was took place on the day of Laxmi Puja during the Tihar Festival, when all the banks and the central monetary authority remained closed.

It is learnt that some Nepali banks including NIC Asia Bank’s SWIFT codes have been hacked by hackers by using malware in their system.

The Cable News Network (CNN) reported that the North Korea based hackers might have been involved in the latest hacking. It had also suspected that the similar SWIFT code used by the group in South Korean banks hacking in 2013 have been used again.

In May 2016, cyber criminals had hacked into the computer of a Bangladeshi central bank official to make illegal payments via SWIFT.

According to a report prepared by the Russia-based computer security firm Kaspersky Lab in 2015, international cybercriminals had attempted to attack financial institutions in Nepal using a malware called Carbanak.

The criminals had sent messages to the New York Federal Reserve seeking to transfer nearly $1 billion from Bangladesh Bank’s account, Reuters reported.

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PM congratulates Nepali national cricket team





KATHMANDU— Prime Minister KP Sharma Oli has congratulated Nepali national cricket team for being able to clinch the International T20 series.

PM Oli in a tweet extended best wishes and congratulations saying he was very happy to know Nepal’s win over the UAE by 14 runs in the third match of the series.

Winning T20 series is another landmark success for Nepali cricket, he said, adding, “It is big achievement for Nepal’s cricket. I would like to heartily congratulate entire members of Nepali cricket squad”.

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