SBP instructs banks after ‘cyber attack’ on Bank Islami network

“On the morning of October 27, 2018 certain abnormal transactions valuing Rs 2.6 million were detected by the Bank on one of its international payment card scheme. The Bank immediately took precautionary steps which, interalia, included shutting its international payment scheme. All monies withdrawn from accounts i.e. Rs 2.6 million have been credited in the respective accounts,” it said.

By Web Desk

October 29, 2018

KARACHI: The State Bank of Pakistan has issued instructions to all the banks after Bank Islami reported ‘cyber attack’ on its payment cards network.
In a letter to the Pakistan Stock Exchange, the bank informed the PSX about the security breach.

Security measures on all IT systems including those related to card operations are continuously updated to meet any challenges in future.
Resources are deployed to ensure the 24/7 real time monitoring of card operations related systems and transactions.
Immediately coordinate with all the payment schemes, switch operators and media service providers the banks are integrated with to identify any malicious activity of suspicious transactions.

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