Ransomware Attack Disrupts Trading on Nepal Stock Exchange
3 reports, 1 independent
Updated Sep 22
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What happened
A ransomware attack occurred at a data center in Nepal that serves 72 brokerage firms. The cyber attack disrupted trading systems, prompting the Nepal Stock Exchange to suspend trading. DataHub Pvt Ltd, which hosts the brokers’ data systems, reported the incident, which affected multiple services, including payment gateways and TMS.
From kathmandupost.com
Why it matters
The incident caused the suspension of trading on the Nepal Stock Exchange, directly impacting the country's capital market operations. The event has also raised concerns about the wider exposure of Nepal’s capital market to a single point of failure.
From kathmandupost.com