LAHORE: Pakistan’s BankIslami has been hit by one of the largest cyberattack in the history of Pakistan amounting to $6.5 million.
BankIslami ATM cardholders and online users reported irregular activity andmultiple unauthorised international transactions. The Bank, however,refuses to acknowledge the figure issued by the international paymentprovider, VISA and other industry sources which are currently estimated at$6 million to $6.5 million.
In a notification to the Pakistan Stock Exchange (PSX), BankIslami statedthat it detected certain abnormal transactions valuing Rs2.6 million on oneof its international payment card schemes on the morning of October 27,2018.
Sources within the bank state that the monies withdrawn from customeraccounts is currently estimated at Rs2.6 million and has been deposited inthe respective accounts. BankIslami’s Unit Head Corporate Affairs MuhammadShoaib while talking to a section of the media said, “Transactions ofapproximately $6 million as claimed by international payment scheme are notacknowledged by the bank as the bank was actually logged off from theinternational payment scheme at that time.”