Cyber Security And The Rise Of ATM Attacks In Nepal

Cyber Security And The Rise Of ATM Attacks In Nepal
Share It On:

Saturday 8, 2019, Kathmandu

npCert (Information Security Response Team Nepal) is organizing An Interaction on Cyber Security & The Rise of ATM Attacks In Nepal in association with Center For Cyber Security Research and Innovation, Texas International College, One Cover Pvt. Ltd, Network Associates Pvt. Ltd., and Livenp.com at Union House Anamnagar, Kathmandu, Nepal.

The event will be executed on Sunday, 8th September 2019, from 3 PM to 5 PM.
A few Chinese men were held for cyber heist worth millions. Nepali Banks and Financial Institutions are on high alert after Chinese nationals illegitimately accessed ATM systems in the Capital. The exact amount robbed is not confirmed yet. The hackers, according to police, used electronic cards of at least six banks — NIC Asia, Siddhartha, Janata, Global IME, Prabhu, and Sunrise — and used them at ATMs of other three banks — Nabil, Nepal Investment and Nepal SBI — to illegally withdraw the money here. Police believe that Zhu and his accomplices used both real and cloned bank cards in a coordinated ATM cash-out attack, where hackers breach a bank or payment processor’s systems and then used bank cards to withdraw millions in a short period.
Chief of the Metropolitan Police Range, Kathmandu, SSP Uttam Raj Subedi, said the system related to the Visa card had been hacked. An official of Nepal Rastra Bank, Spokesperson, Mr. Laxmi Prapanna Niraula conveyed that they are “trying to resolve the issue.”
The Focus of the Event:
1. Are ATMs new heavenly spot for hackers in Nepal?
2. How Secure is Nepal’s Banking System?
3. Is NEPS Accountable For The Hacking Issues In Nepal?


Share It On:

Recent Posts

Liberty Energy Rights Shares Offering: Eligibility, Application Process, and Future Plans

Liberty Energy Rights Shares Offering: Eligibility, Application Process, and Future

Share It On:22nd November 2024, Kathmandu Liberty Energy Company Limited is gearing up to issue rights shares starting December 1,

Asha Laghubitta’s 8th AGM 2024: Key Decisions and Future Plans

Asha Laghubitta’s 8th AGM 2024: Key Decisions and Future Plans

Share It On:22nd November 2024, Kathmandu Asha Laghubitta Bittiya Sanstha is holding its 8th Annual General Meeting (AGM) today, November

6th Asian Population Conference 2024 in Nepal: Advancing Sexual and Reproductive Health Policies

6th Asian Population Conference 2024 in Nepal: Advancing Sexual and

Share It On: 21st November, Kathmandu Nepal is set to host the 6th Asian Population Conference from November 27 to

Kumari Bank Promoter Share Sale: Eligibility, Application Process, and Price

Kumari Bank Promoter Share Sale: Eligibility, Application Process, and Price

Share It On:21st November, Kathmandu Kumari Bank Limited has officially declared its intention to sell a substantial number of promoter

Up to NPR 150 Cashback on Nepal Telecom and Ncell Services with Namaste Pay

Up to NPR 150 Cashback on Nepal Telecom and Ncell

Share It On:21st November, Kathmandu Namaste Pay has unveiled an exciting new campaign to reward its users with cashback on

Ncell introduces innovative feature, enabling customers to convert voice to data or data to voice services

Ncell introduces innovative feature, enabling customers to convert voice to

Share It On:21st November, Kathmandu Ncell customers can enjoy an innovative feature that allows them to convert or exchange remaining