Recent Cyber Attack Prompt Pakistani Banks to Suspend Transactions
It was reported that 9 banks had already been hit by the recent wave of cyber attacks targeting Pakistan’s banking system. This has prompted a number of banks to suspend international transactions after Bank Islami had lost around Rs 2.6 million in an attack last October.
Soneri Bank and JS Bank confirmed that it has suspended their services for international financial transactions and online shopping in overseas markets an indefinite period. Bank AL Habib likewise temporarily disabled their customers’ VISA Debit Card for international POS
Meanwhile, StateBank of Pakistan (SBP) spokesman Abid Qamar said that the risk of cyber attack is always present and is an international phenomenon and not Pakistan-specific.