Six Pakistani banks have temporarily disabled the debit cards for international ATM cash withdrawal. The customers of those banks will not be able to withdraw cash from International ATMs. Through SMS services the customers have been informed about the decision. Even though the customers can not use their debit cards for International ATM cash withdrawal, they can use it in Pakistan.
The text message sent to the customers says, “As a security precaution your debit card has been temporarily disabled only for international ATM cash withdrawal.”
After the cyber attack on Bank Islami Pakistan international transactions have been halted by the specific banks. According to State Bank of Pakistan, “As a result of a security breach of payment cards of one of the banks in Pakistan yesterday and their unauthorized use on different delivery channels i.e. at ATMs and POS in different countries, the bank has temporarily restricted usage of its cards for overseas transactions.”
Banks need to improve their security to safeguard customer’s money, Also customers must ensure to change their passwords regularly and keep it safe.