News

A New Dump of Pakistani Debit, Credit Cards Leaked Online

•
5 min read
•
Legal Editorial Desk
A New Dump of Pakistani Debit, Credit Cards Leaked Online
As we reported earlier in the morning, BankIslami hack was done through a dark web forum, where information on Pakistani banks’ debit and credit cards was sold. Group-IB, a security threat meditating firm specializing in financial sector, is now saying that a fresh dump of Pakistani credit and debit cards has now been made available online anyone can buy it to steal funds from customers’ accounts. A message posted on the forum reads that the new dump is updated till October 31st, 2018 and can be bought after 11AM (New York Time) on November 1st, 2018. According to sources, this dump is now up for grabs and it is likely that a buyer is going to be making moves during the next few hours. We are yet unclear about the size of the dump, and that what type of cards are there in the dump. Also to note, it is likely that dump contains cards from multiple banks. Security experts have strongly recommended the financial institutions to keep a close watch on international transactions, particularly for those that follow a pattern. Few Pakistani banks have already disabled financial transactions done from abroad. They are rejecting any sort of transaction done from overseas. Customers, however, can re-activate their overseas transactions by calling the respective helpline for their banks. Banking customers are also being strongly recommended to get their online and overseas transactions deactivated, particularly if their SMS alerts are not enabled. More importantly, it has become critical for financial institutions and law enforcement agencies to determine the source of the dump as the security breach has clearly not been dealt with so far.
Share:

Editorial & Legal Practice Group

Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

Advocates High Court & Tax Counsel Jurisdiction: Pakistan

Need Expert
Legal Counsel?

Free Session
Initial Consultation
100% Secure
Private & Confidential

Request a Callback

Enter your WhatsApp number and our legal team will connect with you shortly.

Typical response: Prompt response during chamber hours