Stock Market Trading Halted Due to Cyber Attack on Data Center
Summary
A cyber attack on Data Hub’s data center halted stock market trading in Kathmandu on Monday and forced Nepal Stock Exchange to postpone the opening after the public holiday. Regulators and police have launched investigations into the incident, which has raised concerns about investor data and market security.
Key Points
- Stock market trading in Nepal was halted after a cyber attack hit the data center used by most brokers.
- Data Hub said it faced a ransomware attack and claimed its backup from 4 AM remained secure, but it has not explained how recovery was achieved.
- The Nepal Stock Exchange, SEBON, and the Cyber Bureau of Nepal Police have started separate investigations.
- The incident has raised questions about the safety of investor assets and data in the capital market.
