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School
Pierce College *
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Course
MNGT 186
Subject
Information Systems
Date
Nov 24, 2024
Type
docx
Pages
3
Uploaded by MagistrateOtter5980
Background Paper:
Title: Arrest of Hackers Involved in Bank Account Hacking using 'Nepali Keti' App
Summary:
In a significant breakthrough, the police have apprehended eight individuals involved
in a large-scale bank account hacking operation. The group was exposed for
withdrawing hundreds of thousands of rupees by exploiting an application called
'Nepali Keti.' The perpetrators gained unauthorized access to crucial information from
unsuspecting app users and utilized this data to drain their bank accounts. The
investigation began following a complaint filed by Hari Prasad Dhakal, who reported a
loss of Rs 400,000 from his NIC Asia Bank account. Subsequent police inquiries
revealed that the group had also stolen millions of rupees from several other bank
accounts.
Methods and Motive:
Forensic experts discovered that the hackers used an Android Package Kit (APK) file
to distribute the malicious 'Nepali Keti' app through WhatsApp. The app, not available
on the official Google store, required manual installation and posed significant risks to
unsuspecting victims. The motive behind the group's actions appears to be financial
gain, as they targeted numerous individuals and exploited their banking credentials
and sensitive personal information.
Victims and Object of the Crime:
The victims of this criminal operation were bank account holders who unknowingly
downloaded and used the 'Nepali Keti' app. The hackers obtained vital details and
login credentials from these victims, allowing them to access their bank accounts and
fraudulently transfer funds. The object of the crime was to steal money from the
targeted bank accounts and exploit the victims' financial resources.
Investigation and Prosecution Outcome:
The police successfully apprehended the culprits following an extensive investigation.
The arrested individuals were identified as Ajay Chaudhary, Raju Patel, Sahil Parvez,
Dinesh Raut, Shiv Shankar Raut, Rabina Chaudhary, Santosh Kunwar, Dilip
Chaudhary, and Awadhesh Kumar. The arrests took place in various locations in
Kathmandu and Makwanpur. During the operation, law enforcement authorities
seized nine mobile phones, one laptop, and five ATM cards from the accused. While
the initial arrests have been made, the investigation is ongoing, as authorities
continue to probe the extent of the banking crime and any potential accomplices
involved. It is expected that further details will emerge as the investigation
progresses.
Previous complaints:
Prior to the current investigation, multiple complaints had been filed with the Cyber
Bureau and the Kathmandu Valley Crime Investigation Office. However, the
authorities had been unable to apprehend the hacking gang until now. Notably, eight
individuals had lodged complaints with the Cyber Bureau for fraud amounting to Rs
2.6 million, while an additional 12 individuals complained to the Kathmandu Crime
Investigation Office, reporting losses of Rs two million. This significant arrest serves
as a reminder of the evolving landscape of cybercrime and highlights the importance
of robust cybersecurity measures to protect individuals' financial assets and personal
information.
Padgett-Beale should definitely take actions and develop strategies to protect itself
from similar crimes. The recent incident of bank account hacking using the 'Nepali
Keti' app highlights the vulnerability of their systems and the potential for financial
and data loss. To mitigate such risks, Padgett-Beale should prioritize cybersecurity
measures such as strengthening their security infrastructure, implementing multi-
factor authentication, conducting regular employee training on cybersecurity
awareness, and developing an incident response plan. They should also consider
collaborating with cybersecurity experts and conducting regular security audits and
testing. By taking these proactive steps, Padgett-Beale can better protect themselves
and their customers from future cybercrimes and maintain the trust and confidence of
their stakeholders.
Reference
Himalayan News Service. (2023, February 4). Eight persons held for internet banking
fraud. The Himalayan Times. https://thehimalayantimes.com/nepal/eight-persons-
held-for-internet-banking-fraud
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