fbpx

Type to search

Pakistani Banks were Targeted in a Recent Cyber Attack

Tags:

Pakistani Banks were Targeted in a Recent Cyber Attack

Share

Technological advancement, as much as, favors the constructive mindset; it is equally vulnerable to be learned by the destructive mindset. Cyber-attacks are the perfect example of technology being misused. Such attacks are defined as politically or socially motivated attacks mostly carried out with the help of internet, targeting from general public to national organizations, and even corporate organizations. The motive of the attacks varies, sometimes from stealing personal information to even stealing banks data. Technological advancement in destructive hands has made it difficult to perceive that online transactions, personal information, sensitive information, and many other processes related to IT are safe.

Banks in Pakistan has recently experienced a cyber-attack, carried out by some hackers based outside Pakistan. Personal information of the clients, cards data and even cash was stolen. Director cybercrime wing Federal Investigation Agency(FIA), when reporting to a national tv channel, disclosed that almost all the banks of Pakistan had suffered from this attack. State bank of Pakistan, firstly, maintained that only Bank Islamic was affected.

The authorities initially suspected only Bank Islami being affected by this attack

Later on, findings by a private security firm substantiated the claim of FIA. Following the attack, number of banks terminated their online transactions, both national and international. Allegedly, numerous people have reported to the LEA’s and even to the Supreme court that their money had been with drawled overnight. FIA maintained that they have very efficient cybercrime wing, and its performance is appreciable. But banks don’t report cyber-attacks to FIA, as they fear losing them clients. This is a regular practice by corporate organizations that to keep their safe and secure image, they don’t report to LEA’s.

Recent cyber-attack on banking in Pakistan revealed the vulnerability of online banking system. It is as vulnerable as it is safe. This triggered a new debate over security measures of the banks. Director FIA cybercrime wing has called on a meeting of banks and their security management teams, to discuss the future of security measures. FIA maintained that all this has caused damage to the public, and state can’t ignore this, at all. Following the news of cyber-attack, Pakistan stock exchange had seen severe contraction in the shares of banking sector.

People when become victim to fraud or cyber-attack, they need to learn that it is not the organization itself which can help them. They also need to report to LEA’s, as they are the one assigned to address crimes and frauds. Security apparatus of banks needs serious modification, public can’t bear the loss of their hardly earned money. LEA’s, along with, calling meetings and giving recommendations after the attack, should keep an eye on the online security of banks. Indeed! The real responsibility lies with the state.

Contributor: Muneeb Khan

Facebook Comments
Tags::

You Might also Like

17 Comments

  1. justcbd July 18, 2020

    I’m the business owner of JustCBD Store brand (justcbdstore.com) and I’m presently aiming to expand my wholesale side of business. I really hope that anybody at targetdomain give me some advice 🙂 I thought that the most effective way to do this would be to reach out to vape companies and cbd stores. I was really hoping if anybody could recommend a reputable web site where I can get CBD Shops Business Lists I am already checking out creativebeartech.com, theeliquidboutique.co.uk and wowitloveithaveit.com. Not exactly sure which one would be the most ideal selection and would appreciate any guidance on this. Or would it be simpler for me to scrape my own leads? Ideas?

    Reply
  2. тонкость процедуры налоги можно не платить ликвидация ООО а так же ликвидация ооо с долгами

    Reply
  3. reverse phone July 27, 2020

    Hello there! This blog post couldn’t be written any better! Reading through this article reminds me of my previous roommate! He constantly kept talking about this. I’ll forward this post to him. Pretty sure he’ll have a very good read. Thank you for sharing!

    Reply
  4. Extreme Green July 28, 2020

    I’m amazed, I must say. Seldom do I come across a blog that’s equally educative and engaging, and let me tell you, you’ve hit the nail on the head. The issue is an issue that not enough men and women are speaking intelligently about. I’m very happy that I came across this in my hunt for something regarding this.

    Reply
  5. Scam Reviews July 28, 2020

    Aw, this was an exceptionally nice post. Taking the time and actual effort to generate a really good article… but what can I say… I put things off a whole lot and don’t seem to get anything done.

    Reply
  6. 1st Counsel July 30, 2020

    Excellent blog post. I absolutely love this site. Keep it up!

    Reply
  7. Shore Ditch August 1, 2020

    I’d like to thank you for the efforts you’ve put in penning this site. I am hoping to see the same high-grade content by you later on as well. In truth, your creative writing abilities has encouraged me to get my own, personal website now 😉

    Reply
  8. Click This Link August 2, 2020

    Oh my goodness! Awesome article dude! Many thanks, However I am encountering issues with your RSS. I don’t know the reason why I can’t join it. Is there anyone else having identical RSS issues? Anybody who knows the solution will you kindly respond? Thanks!!

    Reply
  9. Branch Right August 2, 2020

    I have to thank you for the efforts you have put in penning this blog. I’m hoping to view the same high-grade blog posts by you later on as well. In truth, your creative writing abilities has encouraged me to get my very own website now 😉

    Reply
  10. sim so dep August 2, 2020

    I used to be able to find good info from your content.

    Reply
  11. Serene Media August 4, 2020

    Great web site you have got here.. It’s hard to find quality writing like yours these days. I truly appreciate people like you! Take care!!

    Reply
  12. I was very pleased to find this website. I need to to thank you for your time for this wonderful read!! I definitely appreciated every part of it and i also have you book marked to check out new stuff in your site.

    Reply
  13. Ideal Fix August 4, 2020

    Very good article. I am going through a few of these issues as well..

    Reply
  14. Alpha Surety Bonds August 5, 2020

    The next time I read a blog, I hope that it does not fail me just as much as this one. After all, I know it was my choice to read through, however I really believed you’d have something helpful to say. All I hear is a bunch of crying about something you could fix if you weren’t too busy seeking attention.

    Reply
  15. Nutrition Central USA August 7, 2020

    Pretty! This has been a really wonderful post. Thanks for supplying this info.

    Reply
  16. My Botox La August 7, 2020

    Oh my goodness! Impressive article dude! Thank you, However I am going through difficulties with your RSS. I don’t know the reason why I cannot join it. Is there anybody getting similar RSS problems? Anybody who knows the answer will you kindly respond? Thanx!!

    Reply
  17. Filtra August 7, 2020

    I truly love your site.. Excellent colors & theme. Did you build this website yourself? Please reply back as I’m looking to create my own personal blog and would love to know where you got this from or just what the theme is called. Appreciate it!

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *