• Home
  • Designs
    • Logos
    • Web Elements
  • Programming
    • ASP.net
    • php Scripts
  • Android
    • Applications
    • Android Themes
    • Android Games
    • Icon Packs
    • Launchers
    • Roms/Flashing
      • MIUI
      • Samsung
      • Google nexus
      • Sony
      • HTC
      • Huawei
      • LG
      • Motorola
      • Nokia
      • QMobile
    • Google Apps (Gapps)
    • Tips/Tricks
    • Wallpapers
  • News
    • Entertainment
    • Technology News
    • World News
  • Miscellaneous
    • Articles
    • Blogging Tips
    • Interview Questions
    • Live TV
    • Tutorials
    • User Posts
    • Videos
  • Contact
    • Advertise
    • Contact Us
    • Deposit Confirmation
    • Discounts
    • DMCA & Privacy
    • Submit Guest Post
    • Request Apps/Games
Search
Thursday, March 4, 2021
  • Webhosting
  • Price in Pakistan
HostPK
  • Home
  • Designs
    • Logos
    • Web Elements
  • Programming
    • ASP.net
    • php Scripts
  • Android
    • Applications
    • Android Themes
    • Android Games
    • Icon Packs
    • Launchers
    • Roms/Flashing
      • MIUI
      • Samsung
      • Google nexus
      • Sony
      • HTC
      • Huawei
      • LG
      • Motorola
      • Nokia
      • QMobile
    • Google Apps (Gapps)
    • Tips/Tricks
    • Wallpapers
  • News
    • Entertainment
    • Technology News
    • World News
  • Miscellaneous
    • Articles
    • Blogging Tips
    • Interview Questions
    • Live TV
    • Tutorials
    • User Posts
    • Videos
  • Contact
    • Advertise
    • Contact Us
    • Deposit Confirmation
    • Discounts
    • DMCA & Privacy
    • Submit Guest Post
    • Request Apps/Games
Home Technology News Hackers Steal Money from Standard Chartered Accounts
  • Technology News

Hackers Steal Money from Standard Chartered Accounts

By
hostpk .net
-
Feb 12, 2015
0
Share
Facebook
Twitter
Google+
Pinterest
WhatsApp

    Hackers Steal Money from Standard Chartered Accounts

    Standard Chartered Pakistan’s customers were recently left shocked when they received transaction alerts through SMS and emails for withdrawals of around Rs. 50,000 from their bank accounts without any action on their part.

    There were a few bank customers who did not even get any report through SMS or email but were made aware of the hack when their ATMs did not process their transactions and their debit cards were blocked.

    It is yet unclear that how many Standard Chartered customers were impacted with this hacking attempt, however, traces reveal that this incident siphoned off a huge money in a few seconds from Pakistan to England, where the headquarter of SCB is operated.

    Early investigation reveals that SCB Pakistan ATMs were hacked from England

    In desperate attempts, some of the customers who mainly maintained salary accounts, made phone calls to customers care support and few of them rushed to related branches to report the incident.

    The bank initially responded positively to all affected customers and informed them that a hack on the bank’s online system was responsible for the inconvenience. These customers were assured that their stolen money would be reimbursed as soon as possible but it would take time to get the details of the affected customers and reimburse the money.

    Things weren’t straight forward for everyone though. “When I contacted branch manager, he said that your account got trouble due to criminal activity”, an affected customer told ProPakistani. “I was advised to meet bankers working in the fraud department in order to get my money back.”, he added.

    Despite the promise of quick action, there are many customers who have not been reimbursed their money yet, which is simply poor quality of customer service.

    The inconvenience didn’t stop at stolen money. Customers were also deprived of debit card services as the hackers accessed data records of customers debit cards to transfer money from Pakistan to England. So in addition, customers’ debit cards were blocked by bank and such customers were asked to get their debit cards re-issued by SCB again.

    A recent skimming attempt at SCB ATM took place”, Farhan Ahmed, spokesman SCB Pakistan

    Farhan Ahmed, spokesman of Standard Chartered Bank, said that attacks on the bank were not new. A recent skimming attempt at SCB ATM took place which is not unique but a common activity in the banking industry of Pakistan.

    ATM skimming is a type of fraud which occurs when an ATM is compromised by a skimming device, a card reader which can be disguised to look like a part of the machine. The card reader saves the users’ card number and pin code, which is then replicated into a counterfeit copy for theft.

    “The money in the customers’ bank accounts is insured and given to them in case of any such incident. The money of the customers is being reimbursed and majority of them received their cash in their accounts already”, he added.

    It is an irony that despite the continuous growth in profitability and increase in customer base, the bank failed to equip its operations with advanced technology which could have prevented such a hacking attempt from being successful.

    If foreign banks with international repute such as Standard Chartered Bank can’t ensure the security of their systems, how can people trust financial institutions and accept advanced service like mobile banking and internet banking?

    Of course, incidents of fraud happen in advanced countries as well but in Pakistan perception is more than reality when it comes to banks and technology and this will surely deal a blow to the reputation of SCB in the country.

    • TAGS
    • hacker
    • hacking
    • hacking news
    • pakistan bank account
    • pakistan bank account hacked
    • pakistan hacking news
    • pakistan news
    • pakistan standard chartered
    • standard chartered bank
    • standard chatered accounts hacked
    Share
    Facebook
    Twitter
    Google+
    Pinterest
    WhatsApp
      Previous articleUmar Sharif exposes indian culture
      Next articleNokia 215 Dual SIM Launched in Pakistan
      hostpk .net
      hostpk .net
      http://www.hostpk.net
      If you like my posts, you can follow HOSTPK on Twitter. Subscribe to HOSTPK feed via RSS or EMAIL to receive instant updates

      RELATED ARTICLESMORE FROM AUTHOR

      EARN MONEY ON DAILY BASIS WITH PI NETWORK – Pi Network Explained

      HMD Global launches five new Nokia phones

      HMD Global launches new Nokia phones

      Bad News for Bitcoin Investors It drops below $9000

      Bad News for Bitcoin Investors: It drops below $9000

      Blog Article Search

      fiverr free credits

      Sponsored

      Advertisement
      Follow on Instagram as well

      Search by Mobile Model Name

      New Arrivals

      • Huawei P40 lite Huawei P40 lite ₨ 54,999
      • Huawei P20 Pro Huawei P20 Pro ₨ 120,000
      • Nokia 8110 4G Nokia 8110 4G ₨ 10,500
      • Lenovo S5 Lenovo S5 ₨ 26,000
      • Lenovo K320t Lenovo K320t ₨ 18,000
      • HTC U11 Life HTC U11 Life ₨ 48,000

      Brands

      • Apple 6
      • Samsung 6
      • Huawei 12
      • Motorola 7
      • OnePlus 5
      • Nokia 9
      • Sony 4
      • Xiaomi 5
      • Blackberry 0
      • Oppo 5
      • Lenovo 2
      • HTC 2
      © Copyright ©2020 hostpk.net. All Rights Reserved
      MORE STORIES
      Un k Andaz E Karam

      Un k Andaz E Karam – Nusrat Fateh Ali Khan

      hostpk .net - Feb 23, 2021
      0