Cyberattack disrupts countrywide services of National Bank of Pakistan

By: News Desk
Published: 10:00 AM, 31 Oct, 2021
cyberattack nbp
Caption: Representational image.
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A cyberattack on the National Bank of Pakistan (NBP) systems has been detected that has disrupted its countrywide services which are likely to be restored by Monday, reported 24NewsHD TV channel.

NBP President Arif Usmani, in a statement, said that the hackers targeted the bank on Saturday night but they could not succeed in accessing the bank’s main server.

He said technical experts are constantly busy in rectifying the situation and disinfecting the whole computer system of the bank. “Hope to succeed in restoring the system by Monday,” he added.

Earlier, the NBP informed that no financial loss or data breach has been observed.

The State Bank of Pakistan (SBP) in a post uploaded on its Twitter handle, announced, “NBP has reported a cybersecurity-related incident, which is being investigated. NBP has not observed any data breach or financial loss.”  

It clarified that no other bank reported such an incident. The central bank is also currently monitoring the situation to ensure the safety and soundness of the banking system.  

“In the late hours of the 29th and early morning of the 30th October, a cyberattack on the NBP’s servers was detected which impacted some of its services,” said the NBP statement.

The NBP further said it took "immediate steps" to isolate the affected systems. “At this point, no customer or financial data has been compromised,” it stated.  

In the statement, the bank said, “Remediation efforts are underway using industry-leading subject matter experts including international resources wherever required.”  

“We are grateful for the understanding of our customers in this unusual situation…,” it added.

Currently, the NBP's services to its customers have been disrupted. The NBP said that the bank is making concerted efforts to address the breach. It is confident that essential customer services will be restored by Monday morning.