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Corrected: Nepal bank latest victim in cyber heists, recovers most of the funds

Reuters 

(Corrects headline, paragraph 1 to clarify the bank's system, not SWIFT's, was hacked)By Gopal SharmaKATHMANDU (Reuters) - A bank in Nepal is the latest victim in a string of cyber heists, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday.Hackers last month made about $4.4 million 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.All but $580,000 of the ...

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First Published: Fri, November 10 2017. 18:44 IST
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