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>> Hackers who tried to crack into a bank in Nepal didn't get far with the 4.4 million dollars they stole. Officials in the Himalayan nation said Tuesday they've recovered most of the money hackers took from NIC Asia Bank in October. The cyber thieves tried to get in to the bank, which is based in Kathmandu, by hacking into its SWIFT server used for global money transfers by financial institutions around the world.
That's the same way more than $81 million was swiped from the central bank of Bangladesh back in 2016. The millions stolen from NIC Asia bank were then transferred to other countries including the United States, Britain, China, Japan, and Singapore. Reuters editor, Jim Finkel.>> So, the SWIFT system is used to transfer trillions of dollars a day around the world by banks.
Big banks, small banks, central banks. And the SWIFT server is the computer that's inside each of those banks that allows the banks to access the system. There have been a string of hacks over the last couple of years where cyber criminals have hacked into those servers, taken on the identity of the banks and then used that access to request fraudulent wire transfers.
>> Nepal's Central Investigation Bureau is looking into who is behind the attack.>> Even though we don't know who did it, the big question is, was it North Korea? And why do I say that? I say that because cyber security researchers have been blaming North Korea for many of these attacks on the SWIFT system over the past couple years.
And the idea is that North Korean government is using hacks to make money to get money to fund its operations. So, there's no reason at this point to believe that it was North Korea but that's probably the top question on the mind of investigators.>> Officials from NIC Asia Bank will not immediately available for comments.
A second hack that slipped through SWIFT may further shake confidence in the system previously thought to be totally secure.