Deep Dive: The 2019 NEPS ATM Heist
Published on 2019-09-01
## The Heist
It plays out like a movie script. Over a single weekend in September 2019, Chinese threat actors coordinated a massive cash-out. They didn't blow up ATMs; they quietly withdrew over **NPR 1.89 Crore** from machines across Kathmandu.
The victim wasn't a single bank—it was the **Nepal Electronic Payment Systems (NEPS)**, the centralized switch that connects 17 commercial banks.
## Understanding the Attack
This wasn't simple card skimming. This was a sophisticated "Logical Attack."
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