Kathmandu. There is so much bribery in Nepse that there may not be so much corruption in the Land Revenue or Customs. Bribery Waiko’s cheap system is at risk. But Nepse is helpless, helpless, with the corrupt system. does and does more than {{}, it also pretends that Nepse is technically better than the system. Hacker’s makes Nepse look like everything is fine, leaving a loop hole that destroys everything with one click. Yesterday, Nepse’s system was hacked, the transaction had to be stopped, still the problem has not been solved, but Nepse has resumed the business as if all the problems have been solved. But to cover up its weakness, the work has been disrupted by Nepse’s . And this fact is not what we have said , is something that has been found out by the report of the Securities Board of Nepal itself and the IS audit of NEPSE. And today we are digging into the same fact, which shows that Nep se is using {{} with system, Where Wiiko’s employees can do , show the sell to the bye, show the sell by, show the transaction and show that there is no transaction, can show the price of the script they want, as they can manipulate.And the stock market is running on the basis of and with the CEO and {{} with the setting } to collect donations in the name of elections. We have said this fact a lot, This time results have shown how weak Nepse’s system is. And today we are trying to dig into the {{} report of Nepse and about the weakness of Ne pse.

The report of the Securities Board of Nepal (SEBI) says, “Nepse has a problem with the system, it can be hacked at any time

.” The Securities Board of Nepal (SEBON) had formed ateam comprising the board’s directors Rewat Shrestha and Sanu Khadka, and assistant directors Yamnath Aryal and Rabindradev Bhatta.

The report stated that the operation and maintenance of the Transaction Management System (TMS) and the Electronic Trading System (NOTS) of the securities market were being carried out by the same service provider company in violation of the sub-rule (4) of Regulation 21 (b) of the Securities Trading Operation Bylaws, 2075.

Similarly, in sensitive systems like the Transaction Matching System, manual work is still done to balance the load in the transaction (script-wise Matching Engine’s instance), due to which there are no clear manuals on the basis of what and how much resources should be given to which script, which can be biased in adjusting resources on the basis of personal experience.

According to the report, due to the lack of adequate infrastructure (power back-up, data center, air-conditioned system, etc.) and data recovery site for the operation of the NOTS system, the trading system has been disrupted from time to time, the investors have been deprived of transactions.

The company responsible for the sale and maintenance of the notes (YCO) has been found to have easy access to important systems such as Firewall, Database and Active Directory of the data center operated by Nepse and in this regard, it has not been found that Nepse has not managed any kind of log, due to which the changes made to the system by the employees of YCO are not known.

According to the report, the specification of the information technology infrastructure required for the operation of the transaction management system for securities brokers, the specification of the user acceptance test and the specification of the infrastructure currently used have been demanded and it is estimated that the expenditure on the construction of information technology infrastructure is at risk.

The report prepared by the Securities Board of India (SEBON) had also made various recommendations after seeing the deficiency in the system.

But the recommendation of the Securities Board was neither ignored nor the main reasons for such frauds were seen. NEPSE continued to run on a poor system. Similarly, the mischief within the system continued. As a result, one day the system was supposed to be hacked, it just happened.

The IS audit report of Nepse says, “There are many problems in Nepse’s system, there are many problems in the system, efforts should be taken to solve it immediately”

Not only the report of the Securities Board of Nepal, but almost every report of the IS audit conducted by Nepse every year said that there are problems in Nepse’s system and these problems should be resolved immediately. In the IS audit report of Nepse, obtained from a confidential source, it has been stated that the entire system of Nepse’s business system is under the supervision of Waiko, and in it, Waico can make any kind of sensitive changes and Nepse cannot even track it. The report has revealed that giving Waico full access to the system can lead to any accident. In the report, this security weakness of Nepse has been described as the most ‘critical’. The report has also recommended that the entire system is accessible to the vendor i. e. Waiko, so it can pose any kind of risk, so the approval system should be kept.

Another report of Nepse says that ‘Serious security flaws in Nepse’s system, anything can happen at any time’

Not only the previous report, but the preliminary audit report of the fiscal year 2081/82 had also found many deficiencies in the system of Nepse. The report also states that this work has been going on since January 18, 2081 with the approval of the management without the decision of the Board of Directors and this could lead to changes in the electronic transaction system.

What is even more surprising is that the information technology management of Nepse has not cooperated when it tried to investigate the issue of Nepse’s data being bought and sold.The auditor himself has mentioned in the report that instead of showing the live database that they were looking for , the management could not conduct a good investigation by providing only screen shots.

The report states that NEPSE is operating with serious and systemic security vulnerabilities and pointed out that the electronic trading system itself is prone to fraud and is at risk of insider information misuse.

i. e., the report of the Securities Board and the report of the IS audit conducted by Nepse from time to time, there was a clear indication that Nepse’s trading system could be hacked at any time. However, NEPSE, which was immersed in internal politics and corruption, did not take this issue seriously.

Apart from this, many other reports were made to explain the fact that there is a problem in Nepse’s } system. The case also reached the Securities Board of Nepal. From a resort in Pokhara to a private college in Kathmandu, the system of Nepse was also running, and the system was also reported to the Securities Board and other bodies that could be hacked at any time. However, NEPSE and the Securities Board did not convert this information into action, instead used Waico to collect donations.

We are saying again, there is a big problem in Nepse’s system, there is a technical bug, the data of the investors has reached the hacker, any accident can happen at any time. In such a situation, the solution should be found not by blaming each other, but by solving the problem, by putting the Waico in the legal dock who has left the path of tampering. The arrogance of Waiko that the system runs at our beck and call should be removed, no matter how the government comes. If not, then the same thing will happen, the days will change, and again the hackers will reach the system. There will be an investigation committee again, the findings of the committee will be hidden, just as the reports have been hidden till date. And the people will always be in trouble. (Video)

https://www. youtube. com/watch? v=5fuV3NnfZjg