Last week, BankIslami became the target of one of the most devastating cyberattacks in the country that caused millions in losses. The hack was targeted towards debit card users, who were notified of cash withdrawals from their accounts through automated text messages from the system.
According to reports, BankIslami hack was made possible through a dark web forum, where information on Pakistani banks’ debit and credit cards were being sold. The security threat meditating firm Group IB that specializes in financial sector reveals that a fresh dump of Pakistani credit and debit cards has now been made available online for any to buy and steal funds from customers’ accounts.
The forum reads that a new dump has been updated till October 31st 2018 and can be bought after 11AM (New York Time) on November 1st, 2018. The group is unclear about the size of the dump, and that what type of cards are there in the dump and it is likely that dump contains cards from multiple banks.
Furthermore, the security experts have strongly recommended the financial institutions to keep a close watch on international transactions, particularly for those that follow a pattern. Moreover, Pakistani banks have already disabled financial transactions done from abroad and are rejecting any sort of transaction done from overseas.
However, customers can re-activate their overseas transactions by calling the respective helpline for their banks. Banking customers have been strongly recommended to get their online and overseas transactions deactivated, particularly if their SMS alerts are not enabled.