Nepal | May 29, 2020

Rs 35.8m withdrawn in Saturday’s heist: NRB

Himalayan News Service
Share Now:

Kathmandu, September 4

Hackers had withdrawn an amount worth Rs 35.8 million in different currencies from ATMs of different banks in the country and India in the country’s biggest heist in the banking sector committed by Chinese nationals last Saturday, as per a probe report prepared by Nepal Rastra Bank (NRB).

The central bank on Sunday had formed a taskforce to probe the cyber attack on the banking sector under the coordination of NRB’s Executive Director Bam Bahadur Mishra. Submitting its report to the central bank today, the committee stated that the amount worth Rs 35.8 million had been withdrawn by hackers from different ATM booths of which they had withdrawn Nepali currency worth Rs 16.8 million. The scammers had also withdrawn Indian currency using Nepali ATM cards from ATM booths in India.

However, probe committee has failed to come up with other details regarding how the entire fraud happened, including how looters hacked banking system. “As we lack expertise on this issue, the committee had only collected the monetary details of the banking heist including the total amount of money withdrawn. However, the committee has recommended short-term and long-term measures to ensure security in the banking sector,” said Deputy Governor Chintamani Siwakoti.

As short-term measures, the committee has recommended the NRB to lower the withdrawal limit from ATMs of banks and has also recommended insuring ATM booths of banks and financial institutions. However, NRB officials were reluctant to share further details of the probe report.

Siwakoti informed that concrete details of the banking heist would come only after the forensic test. “The forensic team from Singapore is expected to arrive today evening. The team will probably finalise the forensic report within one week,” he said.

Meanwhile, NRB has already said it will amend its cyber security directive making banks and financial institutions adopt sophisticated technology to prevent the sporadic cyber and malware attacks in the banking system.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Finance Minister begins budget presentation for FY 2020-21

KATHMANDU: Finance Minister Yubaraj Khatiwada has begun the presentation of budget for the fiscal year 2020-21 at the Federal Parliament. The budget is being presented amid a joint meeting of the House of Representatives (HoR) and the National Assembly (NA). As the coronavirus continues to spr Read More...

Larry Kramer, playwright and AIDS activist, dies at 84

NEW YORK: Larry Kramer, the playwright whose angry voice and pen raised theatergoers’ consciousness about AIDS and roused thousands to militant protests in the early years of the epidemic, has died at 84. Bill Goldstein, a writer who was working on a biography of Kramer, confirmed the news to T Read More...

Cases registered against two lockdown violators in Udayapur

GAIGHAT: Police have registered cases against two youths who were arrested on Tuesday for violating lockdown in Udayapur district. The arrested have been identified as Surendra Gupta and Rakesh Sah, both in their 30s. Lalpatta-based police post arrested the duo after they were found bringing t Read More...

Looking in, looking out: world emerges from lockdown with mixed feelings

As much of the world begins to emerge from lockdown, people are looking back at time spent cut off from friends, family and colleagues by the coronavirus and forward to what happens next. Reuters has captured some of those reflections along with portraits from across Africa and the Middle East of Read More...

Legendary lyricist-poet Ratna Shamsher Thapa no more

KATHMANDU: Legendary lyricist and poet Ratna Shamsher Thapa has passed away. He breathed his last at 12:30 pm on May 28 at Norvic Hospital. He was 81. He succumbed to pneumonia, according to a close family member Shiva Acharya. He informed that Thapa was taken to the hospital in the evening of Ma Read More...

VIDEO: FM Yubaraj Khatiwada unveils FY 2020-21 budget

Kathmandu, May 28 Finance Minister Yubaraj Khatiwada is presenting the fiscal budget of 2020-21 at the joint meeting of House of Representatives and the National Assembly amidst everyone’s curiosity on how the government will address the pain inflicted by the COVID-19 in almost every sector of Read More...

Police recover two muzzle-loader guns in Kohalpur

NEPALGUNJ: Armed Police Force personnel recovered two abandoned muzzle-loader guns in Kohalpur Municipality-8 in Banke district, today. Deputy Superintendent of Police (DSP) Shyam Kumar Karki said that they recovered the weapons along with ammunition, shrapnel shells, and other items under Sikta Read More...