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Another Pakistani bank faces data theft Pakistan Data Theft
Representational image from Pixabay

Another Pakistani bank faces data theft

India Blooms News Service | @indiablooms | 26 Apr 2022, 09:59 pm

Islamabad: Overseas thieves have completely managed to rob a leading Pakistani bank through internet banking.

The thieves managed to perform it as they used compromised data of a number of debit cards to conduct fraudulent financial transactions in foreign currencies, media reports said.

The event made the financial institution suspend the services of international financial transactions through debit cards of almost all the customers, The Express Tribune.

“The fraudulent transactions were conducted in dollar denominations (instead of Pakistani rupees).”

“We are under no cyber-attack. No data breach or hacking has happened,” a United Bank Limited (UBL) high official confirmed to The Express Tribune.

“But, yes, we have received complaints from some of our customers for fraudulent transactions through their debit cards,” he said, adding most of the fraudulent transactions happen after customers unintentionally share their secrets including passwords and PIN codes with unknowns.