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NBP didn’t have any Data Breach and Financial Loss after cyber security incident

admin-augafbyadmin-augaf
October 31, 2021
inBusiness, National
Reading Time: 2 mins read
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NBP to provide banking facilitation to Chinese investors in CPEC Phase-II

NBP to provide banking facilitation to Chinese investors in CPEC Phase-II

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Karachi October 30, 2021: State Bank of Pakistan tweeted from its official account that a cyber security related incident happened at National Bank of Pakistan.

“NBP has reported a cyber security related incident which is being investigated. NBP has not observed any data breach or financial loss. No other bank has reported any such incidence. SBP is monitoring the situation closely to ensure safety and soundness of banking system.”

Due to sound and up to date systems of the banks customer data remained save and bank has also didn’t incurred any financial loss.

NBP has reported a cyber security related incident which is being investigated. NBP has not observed any data breach or financial loss. No other bank has reported any such incidence. SBP is monitoring the situation closely to ensure safety and soundness of banking system.

— SBP (@StateBank_Pak) October 30, 2021

Confirming the news, the National Bank said that in the late hours of October 29 and early morning of October 30, a cyberattack on the bank’s servers was detected, which impacted some of its services.

The bank said that “immediate steps” were taken to isolate the affected systems. “At this point, no customer or financial data has been compromised,” it stated.

“Remediation efforts are underway using industry-leading subject matter experts including international resources where ever required,” the bank said in a statement.

It further added that currently, NBP’s services to its customers are disrupted. However, NBP stressed that the bank is working to address the breach and is confident that essential customer services will be restored by Monday morning.


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