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NEPSE’s IS audit report says ‘entire system is in the possession of Waiko, can be hacked at any time’

अर्थ सरोकार

Kathmandu. The 'Information System Audit' (IS Audit) conducted by Nepse to examine all the IT-related systems, including the trading system, has revealed that Nepse's trading system is unsafe. During the IS audit conducted by Nepse, some very sensitive issues have been raised and many other risks have also been revealed in Nepse's trading system. Fearing that its weaknesses will be exposed, Nepse has been hiding this report of the IS audit instead of addressing the issues raised in the report.

Tough question on Waiko's role!

Nepse's trading system has been developed by Waico. In the IS audit report of Nepse, obtained from a confidential source, it has been stated that the entire system of Nepse's trading system is under the supervision of Waico, and Waico can make any kind of sensitive changes in it and Nepse cannot even track it. The report has revealed that giving Waico full access to the system can lead to any accident. In this report, this security weakness of Nepse has been described as the most 'critical'. The report has also recommended that the approval system should be kept as the entire system is within the reach of the vendor i. e. Waico, which can cause any kind of risk.

Some time ago, during the investigation conducted by the Securities Board of Nepal, it was found that the entire system of Nepse was in the possession of Waiko. IME Group has a huge investment in Waiko. And various companies under the IME Group are also listed on NEPSE. That is, the officials of Waiko and IME Group can easily raise the price of the shares or run the system of Nepse according to themselves. The IT audit of Nepse has also revealed this fact.

The report has also revealed that any kind of 'attack' can happen on Y's system at any time. The report has presented the intention that if the IP policies are not defined in Nepse's system, there can be unauthorized access to Nepse's network equipment and servers by taking advantage of the weakness in the system, and any hacker can easily hack Nepse's system.

The report states that the vendor has full access to the system even through the use of VPN, and since NEPSE does not have the details or action log of the same, any kind of unauthorized access to Waiko's settings can occur in Nepse's system, all the data in the system can be leaked, the company's sensitive data and even the details of the transaction system can be leaked. The report has also revealed that there are sensitive flaws in Nepse's NOTS system.

Wherever there is movement, trying to get rid of technical bugs!

The report also states that the vendor was given access so that the entire system could be taken over and the vendor could modify the user's activities. However, both Nepse and Waiko have tried to escape their mischief by defining it as a technical bug wherever Waico has played it arbitrarily. Waico had tried to dismiss it as a normal bug even when the shares of Chandragiri Hills Limited were manipulated by showing fake buyers that were not happening before. As a result, market experts argue that the presence of Nepse's system in the possession of Waiko, which is owned by IME, and the failure in the business from Hathway Investments to Chandragiri Hills, which is directly involved in IME Group, cannot be considered a mere coincidence.

Apart from this, the report has exposed many possible miscreants of NEPSE.

However, instead of improving its system by implementing the recommendations of this report, Nepse is sacrificing the Y as usual. This is at risk of falling into the hands of a limited number of players who manipulate the assets of millions of stock investors.

अर्थ सरोकारमा प्रकाशित 'प्रिमियम स्टोरी' बाहेक सबै समाचार सामाग्री नि:शुल्क पढ्न पाइन्छ । तर, प्रिमियम स्टोरी पढ्न भने स्टोरीमा पढ्न उल्लेखित रकम तिर्नुपर्छ । स्टोरी लिंकमा उल्ल्खित रकम सोहि एउटा समाचार पढ्नका लागि मात्र हो । सुरुमा प्रिमियम युजरका रुपमा सदस्य बनी उल्लेखित रकम तिरेर आफुले रोजेको समाचार पढ्न सक्नुहुनेछ । सदस्य बन्नका लागि यहाँ क्लिक गर्नुहोस् ।

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