State Bank suspends overseas transactions after massive cyber attack

The State Bank of Pakistan (SBP) on Monday issued instructions regarding bank cards after a cyber-attack on BankIslami Pakistan.

According to SBP, the use of cards has been suspended internationally after the card used was attacked by hackers.

“Bank card was used in different ATM’s and Point of Seal,” the SBP said adding, “Investigation should be done into the attack and the system should be made better.”

SBP further directed the affected bank to release necessary instructions for its customers while advising other banks to monitor the use of cards in real time.