ISLAMABAD – State Minister for Finance and Revenue, Hammad Azhar Fridaysaid that Bank of Islami’s $06 million were stolen within 23 minutes onOctober 27, 2018 through international ATMs.
Responding to the question of Senator Mushtaq Ahmed in Senate, he said theamount was stolen from 6,000 accounts being maintained by Bank of Islami,he said adding however that the amount of account holders were absolutelysafe and the monies withdrawn from customer accounts has been deposited inthe respective accounts.
He said State Bank of Pakistan (SBP) has made effective measures to furthertighten cross border transactions.
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He said SBP has developed a road map for added strength of the informationsecurity controls of Pakistan’s banking industry and instructed the banksto take necessary measures to identify /counter any cyber threat to theirsystems in coordination with all the relevant stakeholders includingpayment schemes, vendors etc.
