Karachi, December 19, 2024 – Meezan Bank has categorically denied recent reports alleging a data breach in its banking system, reassuring customers of the safety and security of their information.
In an official advisory issued on Thursday, Meezan Bank labeled the rumors as entirely baseless. “Meezan Bank is PCI-certified, and all its cards are EMV and 3D Secure compliant,” the statement affirmed. “We assure our customers that their data is completely safe with us, and there has been no security breach whatsoever.”
Addressing recent concerns, the bank clarified that all disputed transactions reported by customers involved unsecured e-commerce activities. These incidents, Meezan Bank explained, are covered under the chargeback mechanism of international payment systems, ensuring affected customers are reimbursed. “We are taking all necessary steps to compensate impacted customers promptly,” the bank added.
To further protect its customers, Meezan Bank outlined key precautions to ensure secure online transactions:
• Avoid Untrusted Websites: Refrain from using cards on unfamiliar platforms where card data might be compromised.
• Steer Clear of Public WiFi: Avoid conducting banking transactions over public WiFi networks, which can be vulnerable to hacking.
• Beware of Phishing Attempts: Stay vigilant against fraudulent emails, messages, or calls requesting card details or OTPs, even if they appear legitimate.
• Report Lost or Stolen Cards Immediately: Notify the bank without delay if a card is misplaced or stolen.
Meezan Bank’s proactive response underscores its commitment to customer trust and security in an increasingly digital banking landscape. The institution continues to implement advanced security measures and educate customers to mitigate risks associated with online banking.
This announcement serves as a reminder of the bank’s ongoing dedication to safeguarding financial transactions and maintaining its reputation as one of Pakistan’s leading Islamic banks. By addressing customer concerns promptly and transparently, Meezan Bank reinforces its resolve to stay ahead in a dynamic financial ecosystem.
The bank encourages all customers to adhere to the provided guidelines for enhanced security and to report any suspicious activities immediately.