National Bank hit by cyber attack causing service disruption across the country

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The National Bank of Pakistan (NBP) systems were breached in a cyberattack Friday night that disrupted the state-owned bank’s services nationwide.

“In the late hours of October 29th and early morning October 30th, a cyberattack was discovered on NBP’s servers that compromised some of its services,” the bank said in a statement.

The bank said that immediate steps were taken to isolate the affected systems and claimed that no customer or financial data had been compromised.

The cyber attack affected part of NBP’s IT system, which can result in payment delays for thousands of public sector workers. The bank said remedial action to secure the breach is underway and essential services will be restored by Monday morning, Inshallah.

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NBP’s management advised its employees to take special care when processing payments in ERM (Enterprise Risk Management) and IBFT (Interbank Funds Transfer).

NBP headquarters also announced through a Zoom session that the server and all apps and emails were down due to hacking attempts across the industry, which also affected other banks.

“The services are now being successively restored, the first server-based branches are being restored and will be followed by the VDI,” the NBP management informed its employees

“As a precautionary measure, please be particularly careful when processing payments with ERM and IBFT. As announced, the core banking / profile was not affected and ITG HO is working and any further updates will be shared, ”NBP management said.

Meanwhile, the State Bank of Pakistan (SBP) also confirmed the news of the breach at NBP on Saturday. In a tweet, the central bank said, “The NBP has reported a cybersecurity-related incident that is being investigated.

“SBP is closely monitoring the situation to ensure the security and soundness of the banking system,” it said.

The attack comes at a time when Pakistan is aggressively trying to adopt the digital payment mode, and regulators and agencies are pushing for ways to improve the documentation of the economy.

Two months ago, the data center of the federal tax authority was hit by a cyber attack in which all websites operated by the authority came to a standstill.



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