4. Issues of Cyber Securities
Identity theft
Banking frauds
Hacking
Phishing
Distributed denial-of-service(DDoS ) attack
Various forms of Online Violence against
Women
Cyber bulling
Online threats & intimidation
Revenge Porn
Copyrights issues
Social Media Crisis
Denial of Service attack
Child Online Protection
Lack of Standardization
and proper policy
Awareness and capacity
building
5. Evolving problems in Bank Sector
1. Ransomware:
WANNACRY - Ransomware Cryptoworm-May 2017
infected more than 230,000 computers in over 150 countries
A major ransomware attack has brought businesses to a close throughout Europe, in an infection reminiscent of last
month’s WannaCry attack. The most severe damage is being reported by Ukrainian businesses, with systems
compromised at Ukraine’s central bank, state telecom, municipal metro, and Kiev’s Boryspil Airport. Systems were also
compromised at Ukraine’s Ukrenego electricity supplier, although a spokesperson said the power supply was unaffected
by the attack. The attack has even affected operations at the Chernobyl nuclear power plant, which has switched to
manual radiation monitoring as a result of the attack. Infections have also been reported in more isolated devices like
point-of-sale terminals and ATMs.
NOTPETYA- NotPetya was actually intended to be a data-wiping weapon and not traditional ransomware- June 2017
infected at least 2,000 organizations across the globe, including Ukraine, Russia, the U.K. and the United States.
On that day, Kaspersky Lab reported infections in France, Germany, Italy, Poland, the United Kingdom, and the United
States, but that the majority of infections targeted Russia and Ukraine, where more than 80 companies initially were
attacked, including the National Bank of Ukraine
6. 2. Phishing: Phishing emails come in all shapes and sizes, and unfortunately, no single product will
fully protect your business from phishing attacks. A multi-layered defense against phishing attacks,
combining advanced security technologies and educated, phishaware employees, is the only answer.
3. Cybersquatting: Often, cybercriminals will purchase and “squat” on website names
that are similar to official websites in the hopes that users go to the wrong site e.g. www.google.com
vs. www.g00gle.com .
According to the Himalayan Times, As many as 560 cases of cybercrime have been registered in the
first six months of the current fiscal year, said the Metropolitan Crime Division in Teku.
Date: Feb 2017
7. Reason of Cyber vulnerabilities
Capacity building
Monitoring Mechanism
Proper Policies and
regulation
Lack of infrastructure
Awareness
8. Future Issues
1. Dark Web
The dark web is the World Wide Web content that exists on darknets, overlay networks which
use the Internet but require specific software, configurations or authorization to access. The
dark web forms a small part of the deep web, the part of the Web not indexed by search
engines, although sometimes the term deep web is mistakenly used to refer specifically to the
dark web
You simply need to install and use Tor. Go to www.torproject.org and download the Tor Browser
Bundle, which contains all the required tools. Run the downloaded file, choose an extraction
location, then open the folder and click Start Tor Browser.
9.
10. A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange
using cryptography to secure the transactions, to control the creation of additional units, and to verify
the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also
classified as a subset of alternative currencies and virtual currencies.
Bitcoin or digital cash is based on the latest technology, called blockchain which uses blocks to store
or record data. It was developed in 2008, initially to ensure that the diamond sold in the market is not
actually a blood diamond. The blocks are secured using cryptography.
Earlier on August 13, 2017 Nepal Rastra Bank stated that the operation of Bitcoin or any other
cryptocurrency is illegal inside the country (Nepal Rastra Bank Act 2058).
The reason given was due to Anti Money Laundering risk associated with virtual coins or crypto
currency.
2. Crypto currency (Bitcoin)
