KARACHI: A day after a cyberattack on the National Bank of Pakistan (NBP), 1LINK – a consortium of 11 banks and Pakistan’s largest switching and payment system – said there had been no disruption to interoperable banking services during or after the cyberattack.

1LINK said in a statement on Sunday that “all transactions, both financial (ATM cash withdrawal, 1IBFT – Interbank fund transfer and bill payments) and non-financial (balance request, title search and request invoice) are fully functional and secure “.

“There has been no downtime from October 28 to now, and transaction volumes suggest customers are trading as usual,” he added.

The organization said the clarification was intended to dispel all rumors and to educate all banking customers that Pakistan’s payment systems and digital banking services were safe, as neither customer data was compromised nor compromised. had not been reported via the 1LINK grid or its member banks.

He said the State Bank of Pakistan, 1LINK and all banks are closely monitoring the situation to ensure the safety and soundness of the banking system and digital payments.

NBP services are functioning normally

The NBP announced on Sunday evening that it had succeeded in countering threats to its IT infrastructure and repairing parts damaged in the cyberattack. Therefore, the bank’s services, including ATM operations, would function normally on Monday (today).

A press release issued by the bank said: “NBP confirms that banking services, including ATMs and payment of salaries and pensions will be possible on November 1.”

The statement made it clear that customers’ financial data was unaffected despite the attack. The bank’s branches will open on schedule to ensure customers’ banking needs are met as best as possible, he added.

Posted in Dawn, November 1, 2021


Source link