Case Study: The NIC Asia Bank SWIFT Heist (2017)

Published on 2017-10-22

## The Incident Tihar 2017. While Kathmandu was lit up for the festival of lights, hackers were busy lighting up the SWIFT network at NIC Asia Bank. In a brazen heist, they attempted to transfer **NPR 460 Million (USD 4.4 Million)** to accounts across six countries, including the US, UK, and Japan. This was big. It wasn't an ATM hack; it was an attack on **SWIFT**—the global backbone of inter-bank money movement. ## Understanding the Attack This wasn't a "smash and grab." It was a patient, cal...

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