KARACHI: The country’s banking system was once again the target of a cyber-attack.

Banks’ ATM cardholders and online users, particularly those maintaining accounts at Bank Islami, need to become extra cautious while doing financial transactions. According to industry sources, ABL and JS Bank have also restricted ATM overseas transaction.

In its immediate response to the security breach, the State Bank of Pakistan (SBP) temporarily “restricted usage of its cards for “overseas transactions (only),” the central bank said in a statement late on Sunday night.

The account and card holders may, however, conduct such transactions within Pakistan, a central bank official cautiously told The Express Tribune.

Read more … Source : tribune

 

Disclaimer: This section is a compilation of news, articles, updates and information (“Updates”) related to payments,fintech, banking and other industry. All Updates belong to the source provided after every such Update. FIAKS does not have and in no manner claims to have any intellectual property rights in the content, images, pdf, videos etc. in any of the Updates. This section has been created for knowledge sharing/education purposes for our smart FIAKS communities across the globe. We understand that the fair use of a copyrighted work or work protected under any intellectual property law, including such use by reproduction in copies or by any other means specified under applicable laws, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. This section and our website may contain certain copyrighted or the work otherwise protected under any law that were not specifically authorised to be used by the copyrightholder(s) or right holder(s) but which we believe in good fairh are protected by the applicable laws and the fair use doctrine for one or more reasons noted above. If you have any specific concerns about this section or our website or our position on the fair use defense, please contact us at [email protected] so we can discuss amicably. Thank you.

Related Post