Cyber Security Breach: SBP- FIA at odds over Banks data compromised

ISLAMABAD: As the local banking industry wakes from reports of a potentially massive cyber security breach, the State Bank of Pakistan (SBP)and the Federal Investigation Agency (FIA) appeared to be at odds over the true scale of the attack.

Advertisement

The FIA’s cyber-crime chief set off alarm bells on Tuesday when he said that customers’ data from “almost all major Pakistani banks” was stolen in the security breach, after a recent report from Group-IB, a global cyber security firm, claimed that hackers had released a new dump of Pakistani credit and debit cards on dark web forums.

The State Bank, however, rebutted the FIA official’s statement saying there was “no evidence that banks’ data had been breached, except for one” bank – that being Bank Islami.

“It has been noted with concern news items reporting that the data of most banks has been hacked. SBP categorically rejects such reports. There is no evidence to this effect nor has this information been provided to SBP by any bank or law enforcement agency,” the central bank said in a press release.

“We would like to emphasize that except for the incident of October 27th, 2018 in which reportedly the IT security of one bank was compromised, no breach has been reported.

Advertisement