Pakistan's central bank denies mass data breach after official says 'almost all' banks hit

Image
Reuters KARACHI/ISLAMABAD
Last Updated : Nov 06 2018 | 10:45 PM IST

KARACHI/ISLAMABAD (Reuters) - Pakistan's central bank on Tuesday denied media reports that there had been mass data breaches in its banking system, hours after a senior law enforcement official told local television "almost all" banks had been hit.

The State Bank of Pakistan (SBP) said the IT security system of a single bank, which it did not name, had been "compromised" on Oct. 27 and it had already instructed all banks to increase their scrutiny.

"It has been noted with concern news items reporting that the data of most banks has been hacked. SBP categorically rejects such reports," a statement from the central bank said.

Earlier, the head of the Federal Investigation Agency's cyber-crime unit told two television stations that "almost all" banks had been hit by hacking and a "large amount of money" had been stolen, though he gave few details.

(Reporting by Syed Raza Hassan and Asif Shahzad. Writing by Kay Johnson; Editing by Gareth Jones)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 06 2018 | 10:35 PM IST

Next Story