Nepal Bankers’ Association (NBA) successfully organized an interaction program on “Current Issues in Cybersecurity” with officials from Cyber Bureau. The program aimed to discuss emerging cybersecurity challenges, recent trends in cyber fraud, security measures, and strategies for mitigating risks within the banking sector.
Mr. Janardhan Ghimire, Deputy Superintendent of Police (DSP) at Cyber Bureau, Nepal Police, provided a comprehensive overview of current trend and challenges of cyber fraud cases. Highlighting the growing prevalence of cyber fraud, DSP Ghimire mentioned that investment fraud, particularly through social media platforms such as Facebook and Telegram, along with email scams, has been alarmingly high.
During the interactive discussion, DSP Ghimire addressed queries from participants, shedding light on the major sources and methods used for transferring funds illegally to foreign countries. He explained that fraudulent transactions often involve informal money transfer channels such as Hundi, cryptocurrency platforms like Binance. He assured that the Cyber Bureau is open to work closely with banks and financial institutions to address cybersecurity threats promptly.
In his closing remarks, Mr. Kapil Gautam, Senior Officer at NBA, expressed sincere gratitude to the officials from Cyber Bureau for their valuable support and insights. He highlighted the significance of continued dialogue and cooperation between the regulatory bodies, law enforcement agencies and banking sector to ensure a safer and more secure banking environment.
The program was attended by over 50 representatives from member banks.
