Rs2 million stolen from Additional IG Punjab’s bank account

Retired scientist gets back Rs2.7m which had vanished from bank account.
ISLAMABAD – In an ongoing wave of cyber-attack on Pakistani banks, an account of Additional Inspector General of Punjab Tariq Masood Yaseen was targetted.
Around Rs2 million has been stolen from Yaseen’s bank account fraudulently, while the Federal Investigation Agency (FIA) has launched an investigation into the matter.

This cyber-attack comes a day after a retired scientist Drs Yousaf Khilji was deprived of Rs3 million after its bank account was hacked.

However, Khilji was returned Rs2.7 million by the bank concerned after the FIA took notice of the issue.

FIA’s Revelations

Data of several Pakistani banks were hacked in a recent cyber attack, revealed the Federal Investigation Agency’s (FIA) cyber crime wing on Tuesday.

Talking to a private news channel, Director of FIA Cyber-Crimes wing Captain (retd) Mohammad Shoaib said that several banks came under the recent attack on the Pakistani banking system.

He commented after Group-IB, a global cybersecurity firm specialising in the financial sector, claimed that hackers had put a new dump of Pakistani credit and debit cards in dark web markets for sale.

The director said that over 100 cases have been registered regarding the cyber attack, adding that the agency has also busted an international gang in October.

He added that the FIA has summoned the representatives of the banks in questions to discuss the prevailing situation.

Banks are required to make the cyber security foolproof, he said, adding that the banks are responsible if any data breach incident happened.

A report claimed that around 19,864 debit and credit cards of 22 banks were sold on dark web forums. The price of the card ranged from $100-160.

Last week, multiple major Pakistani banks suspended debit cards international transactions facility after another rumored dump of debit and credit cards was leaked on the dark web.
In a text message sent to customers, the banks informed, “Due to system maintenance and security precaution your debit card has been temporarily disabled for international ATM cash withdrawal, POS and e-commerce.”

In October, a staggering $6 million were reportedly stolen from the accounts of Pakistan’s Bank Islami, in what appears to be the biggest security breach in the history of the country.
The breach was reported to the State bank of Pakistan late Saturday following which it issued a press release stating that the said bank has temporarily restricted usage of its cards for overseas transactions.