NRB effortful to retrieve Rs 400 million of NIC Asia Bank transferred by hackers

KATHMANDU: Nepal Rastra Bank, the central bank of Nepal, said that it was making utmost efforts to retrieve money amounting to over Rs 400 million transferred to various banks abroad by hackers using SWIFT from NIC Asia Bank.

Some unidentified hackers broke into the Society for Worldwide Interbank Telecommunication (SWIFT), an international payment network, at the NIC Asia Bank in Kathmandu, and had siphoned off the amount from there during the Tihar festival.

It has been learned that Hackers have transferred the amount to eight banks in six countries.

According to the Joint-Spokesperson at the NRB, Rajendra Pandit, NRB has asked the domestic banks to make efforts to retrieve the amount transferred abroad.

Also, it has sought help of banks in those six countries from where hackers have requested the transfer.

Meanwhile, NIC Asia Bank has been stepping up its effort towards this end.

A total of 11,000 banking and financial institutions across 200 countries are said to be using SWIFT system.

Joint-Spokesperson Pandit also reminded that the NRB had instructed all the banks and financial institutions to pay special attention to the usage of IT in banking not only to make banking easier, convenient but also to curb the cyber attack and illegal transferring in the banking.

NRB on Monday had summoned the Chief of the IT department of all the banks in the capital to discuss how to secure the internal system of banking.

Comments

‘Clean India’ mission not ending manual scavenging, activists say

MUMBAI: A flagship government program to modernise India’s sanitation has failed to tackle the practice of low caste women clearing faeces by hand, and has even exacerbated the problem by building toilets not connected to water supplies, campaigners say. Prime Minister Narendra Modi launched the Swachh Bharat Abhiyan, or Clean India Mission, with much fanfare after he took office in 2014, sweeping a Delhi street with a broom. Since then, thousands of toilets have been built across the country.But Dalit communities, especially women, are still forced to be manual scavengers, a euphemism for clearing faeces from dry toilets and open drains by hand, despite laws to end the practice. The workers have it harder now, activists said. “Swachh Bharat has diverted attention from ending manual scavenging, and makes it seem like the whole country is cleaning. But if that’s the case, then why are people still dying in septic tanks,” said activist Bezwada Wilson. “There is also no dis...

India’s bullet train project re-ignites debate on land for ‘public purpose’

MUMBAI: Plans for India’s first bullet train, a $17-billion-dollar project, have sparked a debate on the definition of “public purpose” for land acquisitions which have become increasingly contentious. The 500-km- (310-mile-) long high-speed rail link promises to cut travel time between the financial hub of Mumbai and the industrial city of Ahmedabad in Gujarat state by more than half to under three hours. The project, inaugurated earlier this month, will need about 825 hectares (2,000 acres) of land. The government has said it will complete the line by 2022, even as farmers along the proposed route held protests against giving up their land. They may have little say in the matter, as the state has a legal right to take private property for public purposes. But analysts say the definition of what constitutes public purpose needs revisiting, even for infrastructure projects. “When projects – airports, private colleges, bullet trains – benefit only a small percentage of ...

US trio win Nobel for finding Einstein’s gravitational waves

STOCKHOLM/LONDON: Three US scientists won the 2017 Nobel prize for physics on Tuesday for opening up a new era of astronomy by detecting gravitational waves, ripples in space and time foreseen by Albert Einstein a century ago. The work of Rainer Weiss, Barry Barish and Kip Thorne crowned half a century of experimental efforts by scientists and engineers.Measuring gravitational waves offers a new way to observe the cosmos, helping scientists explore the nature of mysterious objects including black holes and neutron stars. It may also provide insight into the universe’s very earliest moments. The first detection of the waves created a scientific sensation when it was announced early last year and the teams involved in the discovery had been widely seen as favourites for Tuesday’s prize. “We now witness the dawn of a new field: gravitational wave astronomy,” Nils Martensson, acting chairman of the Nobel Committee for Physics, told reporters. “This will teach us about the ...

Nepalinews

Search This Blog