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SBP issues SOPs following ATM skimming incidences
SBP issues SOPs following ATM skimming incidences
Published at: 8 month(s) ago

Karachi: State Bank of Pakistan (SBP) has issued regulations for security of automatic teller machines (ATMs) and internet banking to fortify security for digital transactions in the wake of skimming incidences.

According to details, Under new SOPs, banks have been compelled to craft comprehensive framework for risk assistance, implementation of controls and frameworks.

The press release issued by central bank said, “During the preceding week, State Bank of Pakistan noted with concern that customers’ information on debit cards of Habib Bank Limited was compromised by hackers through skimming to create its clones and were used to withdraw depositor’s money from various locations within and outside the country. Since then SBP has been in contact with HBL management to ascertain the losses, returning of money to the affected customers and precautionary measures to limit the impact of this hacking activity.”

Earlier, over 600 customers have been deprived of at least Rs10 million via skimming in the past few days. The ongoing prober of Federal Investigation Agency stated that aforementioned amount had been withdrawn from China and Indonesia.

Meanwhile, another similar incident has been reported in Punjab’s Sangla Hill where former bank manager of a private bank was deprived of his amount worth Rs20000.

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