SBP issues directions following cyber attack on a private bank

KARACHI: On Monday, the State Bank of Pakistan (SBP) issued instructions regarding bank cards after a cyber-attack on private Bank.

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the use of the bank’s cards has been temporarily suspended for overseas transactions after the attack, said the SBP.

“As a result of security breach of payment cards of one of the banks in Pakistan yesterday and their unauthorized use on different delivery channels i.e. at ATMs and POS in different countries, the bank has temporarily restricted usage of its cards for overseas transactions,” the central bank said in a statement.

“The State Bank has instructed the bank to take all necessary measures to trace the vulnerability and fix it immediately. The affected bank has also been instructed to issue advisory on precautionary measures to be taken by customers,” it further added.

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