Sunday, March 16, 2008

National Bank of Pakistan Admits Gang Withdrew 300K in Multan

Via Xnet Solutions Blog (Karachi, Pakistan) -

ISLAMABAD, March 15: The National Bank of Pakistan on Saturday said that some people had fraudulently withdrawn Rs20 million from its automated-teller machines (ATMs) in Multan, while the Federal Investigation Agency believes that the bank’s online money providing system has been “hacked”.

While NBP president Ali Raza said the misuse of bank’s ATMs in the industrial zones of Punjab was a mere “glitch” and not a cyber crime, the head of FIA’s National Response Centre for Cyber Crimes (NR3C), Syed Ammar Jafri, told Dawn that the NBP’s ATM service had been hacked and it was a cyber crime.

“That’s why the NBP management has sought the help of NR3C — the FIA’s special wing for combating cyber crimes,” Mr Jafri added.

“Give me three or four days and I will tell you how many people are involved in the crime.” He did not rule out the involvement of those who knew about the security system of NBP’s ATM service.

He said it could also happen to other banks operating in Pakistan, but the NBP had been targeted perhaps for its weak security.

He said the FIA had taken into custody a retired employee of a bank, Amir Abbas, who was being grilled. Amir was arrested in Multan after the NBP management had registered an FIR against him.

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Based on the current exchange rate - Rs20 Million = 318,725 USD

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