Nepal's central bank issues alert as hackers target major pvt bank

Cybercriminals reportedly hacked into the electronic fund transfer system of a major private sector bank in Nepal, prompting the country's central bank to issue an alert, officials said on Tuesday.

According to the officials of the Nepal Rastra Bank, the country's central bank, hackers tried to make illegal payment worth millions of rupees from the bank accounts of NIC Asia Bank Ltd using the SWIFT electronic money transfer system.

The NRB, they said, has asked foreign central banks not to make any payments sought.

"It has been found that transactions of NIC Asia Bank have been carried out from various banks in six countries by hackers using SWIFT, an international banking network," said Rajendra Pandit, deputy spokesperson of the NRB.

"We have already requested the central banks in those countries to stop processing payments to the parties requested by the hackers. Even payments which have already been made are likely to be retrieved," Pandit said.

The hackers reportedly broke into the SWIFT system of the NIC Asia Bank and siphoned off an undisclosed amount last week during the Diwali holidays.

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Apple opens its accelerator for app developers in Bengaluru

Nearly a year after Apple CEO Tim Cook visited India to woo Prime Minister Narendra Modi, Bollywood stars and start-ups, the iPhone maker has opened its doors to app developers with the first-of-its-kind accelerator in Bengaluru.

The Centre will support Indian app developers to design, test and optimise their apps to better run on Apple's iPhone and iPad. The move is aimed at replicating the iPhone's success a decade ago in developed markets, where users flocked to it due to the availability of higher quality apps.

"We are impressed by the great entrepreneurial spirit in India, and are excited to provide a platform for these developers to share their innovations with customers around the world," said Philip Schiller, SVP of Worldwide Marketing, in a statement. "In just the first few weeks, we've already seen some incredible developers here at the App Accelerator Bengaluru."

Apple will be able to provide guidance to over 500 developers every week where they will be able to get analysis and feedback for their apps from a set of experts. The company will also look at supporting Indian developers in using its own Swift development language to build apps and services for its iPhone.

The opening of the app accelerator comes weeks ahead of Apple's first iPhone manufacturing plant in Bengaluru going online. The facility is expected to produce the low-cost iPhone SE and will allow the company to circumnavigate high excise duties of importing a fully assembled device into India.

As Apple is working hard to increase sales of its iPhones in India, the company is trying to woo developers who've traditionally built services for Google's Android operating system first. Even today, devices running Android outnumber iPhones by over nine to one, as majority of buyers look for affordable smartphones. (READ MORE)