Cyberattack on National Bank of Pakistan has been confirmed by the authorities also claims that no data had been stolen so far.

No customer or financial data has been compromised, and financial data has not been compromised and has remained protected, confidential and secured – NBP stated in  official statements assuring their customers after cyberattack on its IT infrastructure on October 29

The State Bank of Pakistan said that the NBP had “reported a cybersecurity-related incident which is being investigated.”

“NBP has not observed any data breach or financial loss,” said SBP while  claiming that it is intricately monitoring the situation to ensure the protection of the country’s banking system. SBP also notified that no other bank had reported such an incident so far.

Top specialists in NBP’s team worked over the last 48 hours to resolve the issue. While describing the incident, NPB stated

In the late hours of the 29th and early morning of the 30th October, a cyber-attack on the NBP’s servers was detected which impacted some of its services. Immediate steps were taken to isolate the affected systems.

It is not yet confirmed whether it was ransomware, data breach or distributed denial-of-service (DDoS) attack, however, NBP authorities affirms that after the cyberattack on National Bank it has restored all banking services including ATMs and the disbursement of salaries and pensions on November 1, 2021

Speaking to gulf news, cyber protection professional haroon ali, suggested measures to prevent the recurrence of cyber threats, and said:

The government needs to develop a framework and risk mitigation guidelines where a minimum level of cyber threat deterrence is maintained by country’s critical infrastructure institutions which include the banks.

Pakistan should establish an  industry-specific regulatory compliance that needs financial institutions to enact sufficient information security protections.

Cyberattacks have also been faced by Pakistan’s Federal Board of Revenue (FBR) database earlier. FBR portals were subjected to 71,000 cyberattacks every month on average as informed by Minister Shaukat Tarin to the National Assembly of Pakistan.