CYBER HEIST: SWIFT SYSTEM OF NIC ASIA BANK EXPLOIT

On October 23rd, 2017, NIC ASIA BANK was hijacked by cybercriminals via their SWIFT system. These hackers somehow managed to exploit Banking Information Security of Nepal. The attack took place during the Public holiday i.e. (TIHAR VACATION) where all banks were closed all over the country.

The Deputy Spokesperson for Nepal Rashtriya Bank Rajendra Pandit stated that “We, however, have not been able to confirm the amount of money that has been illegally transferred through multiple small transactions via SWIFT”.

Authorities are still unaware of the money that was stolen by manipulating swift transfer from small accounts.

For more details visit the link from Kathmandu Post below:

http://kathmandupost.ekantipur.com/news/2017-10-23/nic-asia-cash-stolen-in-cyber-heist.html

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