Nepal bank latest victim in heists targeting SWIFT system


  • TECH
  • Wednesday, 08 Nov 2017

Brussels-based SWIFT said last month that security controls instituted after last year's US$81mil (RM342.5mil) theft from Bangladesh's central bank helped thwart some recent hacking attempts.

KATHMANDU: A bank in Nepal is the latest victim in a string of cyber heists targeting the global SWIFT bank messaging system, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday. 

Hackers last month made about US$4.4mil (RM18.6mil) in fraudulent transfers from Kathmandu-based NIC Asia Bank to countries including Britain, China, Japan, Singapore and the United States when the bank was closed for annual festival holidays, according to Nepal media reports.

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