Rs 300 million ‘stolen’ from NIC Asia Bank during Tihar vacation

Nepal Samacharpatra and The Kathmandu Post have reported today that around Rs 300 million with the NIC Asia Bank was stolen during the Tihar vacation as unidentified cyber criminals hacked the SWIFT system. Whereas The Kathmandu Post report does not specify the amount, Nepal Samacharpatra says the bank officials found that the bank’s balance was reduced by Rs 300 million from the day of Laxmi Puja (Thursday) to Sunday.

The Kathmandu Post says the central bank of the country has confirmed the reported cyber theft and quotes Nepal Rastra Bank Deputy Spokesperson Rajendra Pandit as saying, “We, however, have not been able to confirm the amount of money that has been illegally transferred through multiple small transactions via SWIFT.” Bankers on the condition of anonymity have told the paper that the attack closely resembles the “biggest ever cyber heist” that took place in Bangladesh in May 2016.

Meanwhile, Central Investigation Bureau and Metropolitan Crime Division of Nepal Police have launched separate probes into the case, according to Nepal Samacharpatra.

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