SBP rejects reports of financial losses in cyber attack State Bank of Pakistan

SBP rejects reports of financial losses in cyber attack

KARACHI: State Bank of Pakistan (SBP) has strongly rejected the media reports of financial losses or data stolen in the recent cyber attack.

In a tweet on Monday, the SBP said some fake news regarding cyber security attack on banks is in circulation including remarks attributed to Chief Spokesman Abid Qamar.

According to these fake news, nine banks have been affected by the attack and that money has been withdrawn and data stolen.

“SBP rejects these news [reports].”

No bank, other than the National Bank of Pakistan (NBP), has faced a cyber attack.

“Further, no financial loss or data breach has been observed so far,” the SBP added.

The SBP is monitoring the situation closely and it will share any update or information about the incident through its official channels, according to the tweet.

Earlier, on October 30, 2021, the SBP in another tweet stated that the NBP had reported a cybersecurity-related incident that is being investigated. “NBP has not observed any data breach or financial loss. No other bank has reported any such incidence,” the SBP said adding it was monitoring the situation closely to ensure the safety and soundness of the banking system.