Hackers steal $4.4m from Nepal bank in cyber-heist by abusing Swift network
Officials from the NIC Asia Bank, based in Kathmandu, the capital city of Nepal, have been scrambling in recent weeks to recover from a hack on its computer networks, which abused the Swift financial messaging system to help steal approximately $4.4m (£3.3m).
After multiple investigations, sources have confirmed that most of the stolen funds have now been recovered, with roughly $580,000 yet to be located by authorities.
NIC Asia Bank, one of the largest private sector commercial institutions in the region, brought in experts from the country's central bank – Nepal Rastra Bank (NRB) – and a probe was conducted by KPMG India. Local police were also enlisted to look into the hack.
