Almost All Pakistani Banks Hacked, Data of Customers Stolen In Major Security Breach: Report
Islamabad: In a major security breach, data of most of the banks operating in Pakistan has been hacked, a media report said Tuesday quoting a senior cyber crime official.
The disclosure comes days after around 10 banks blocked all international transactions on their cards, following concerns raised about a breach of credit and debit card data, Geo News reported.
In a shocking revelation, Director of cyber crime wing of the Federal Investigation Agency (FIA) Capt Mohammad Shoaib said: "According to a recent report we have received, data from almost all Pakistani banks has been reportedly hacked".
He said the FIA has written to all banks, and a meeting of the banks' heads and security managements was being called.
"Banks are the custodians of the money people have stored in them," Shoaib said, adding they are also responsible if their security features are weak that they result in pilferage.
Last week, the official said, a gang was arrested, whose members used to disguise themselves as army officials and withdraw money from banks after collecting people's data.
The State Bank of Pakistan (SBP) has been informed by several commercial banks that they have blocked international payments on debit and credit cards as a precautionary measure following cyber attacks on the accounts of their clients, the Dawn reported quoting sources.
Data of over 8,000 account holders of about 10 Pakistani banks was sold in a market of hackers, the report said quoting a digital security website krebsonsecurity.com.
The first case of a cyber attack on a Pakistan's bank was reported by BankIslami on October 27.
The bank said that Rs 2.6 million was stolen from international payment cards after which it has stopped such transactions and allowed biometrically verified payments only on ATM cards within Pakistan, the report said.
The following day, the central bank (SBP) issued directives to all banks to ensure that security measures on all information technology systems including those related to card operations are continuously updated to meet future challenges, ensure real-time monitoring of card operations related systems and transactions.
They were asked to immediately coordinate with all the integrated payment schemes, switch operators and media service providers, the report said.
Courtesy: www.news18.com
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India wants to be powerful nation to ensure nobody dares to dictate terms to it, says Vice Prez
Bengaluru (PTI): Vice President C P Radhakrishnan on Wednesday said that India wants to be the "most powerful" country in the world, not to dominate or dictate unjustified norms to other countries, but to ensure that nobody dares to dictate terms to Bharat.
He also said that India is today no longer only an adopter of technology, but it is now emerging as the creators of technology. The initiatives like Digital India, Startup India, Make in India have made the entrepreneurial ecosystem in the country vibrant and supportive.
The Vice President was speaking at the Silver Jubilee Celebrations of CMR Institute of Technology here.
"Bharath will be marching towards the Viksit Bharat goal by 2047...We want to be the most powerful, not to dominate other countries, not to dictate unjustified norms to other countries. But, nobody should dare to dictate terms to mother Bharat. That's why we want to become the most powerful nation in the world," Radhakrishnan said.
He said the global scenario today is full of challenges.
Climate change, cyber security threats, equitable access to technology and ethical use of AI are some of the things that need to be concentrated on. "These challenges also offer incredible opportunities for innovation, entrepreneurship, and leadership," he said.
Speaking about the rapid change in technology and new innovation, the Vice President said, "We have to equip ourselves. The institutions and students should get ready to adapt to the dramatical changes that are coming in the field of technology."
"What is the impact we are creating in the industrial field, what is the impact we are creating in society is the greatest success of any institute," he said.
According to Radhakrishnan, in a world shaped by Artificial Intelligence, sustainability challenges and global uncertainty, the students are expected to be creative, ethical, courageous, stay strong, and confident.
"Luck may not favour us every time, but hard work will make luck favour us at least once, and it will be great," he said, as he asked students to never give up.
"You should fix the target and move towards the target all the time at your own convenient speed, never compare yourself with anyone. Everyone has their own plus and minuses. Hard work, sincerity and involvement in any work, may not bring you success on the same day, but it will bring bigger success some other day. Even God cannot deny you that success," he added.
Calling students, the wealth of this nation, the Vice President requested them to say "no to drugs", with a loud voice. He said drugs should not spoil the youngsters of this nation.
Also, advising students to be careful about using social media, he said, "Every invention has positive and negative impact. Based on how we use it, we grow. I'm not asking you not to use it, you can do anything, but you should have full control."
Speaking about remaining relevant in the global arena without losing our values, Radhakrishnan said, "Modern development and keeping our great traditions is not contradictory, it can complement each other. We should grow, and at the same time we should not lose our roots."
Karnataka Governor Thaawarchand Gehlot, among others, were present at the event.
