UBL Customers Are Reporting Malicious Account Activity Including Fund Withdrawal

UBL Customers Are Reporting Malicious Account Activity Including Fund Withdrawal in 2022

Customers of United Bank Limited have recently been left in the dark after receiving messages requesting fund transfers, bill payments, or online purchases without their knowledge or consent.

Apparently, scores of customers of one of Pakistan’s leading banks have complained that they have lost money in the last few days due to a technical issue with the banking services.

We do not know what caused these incidents, but it is widely assumed that UBL data was compromised.

Another reason could be debit card hacking, which is accomplished by hijacking ATMs. When a debit card is inserted into such a machine, the information on the card is duplicated. Key pins of the card are also stolen using key loggers, and these cards are then used on the internet.

The bank’s representatives informed the angry customers that services were experiencing problems and that the bank was working hard to resolve the issues.

Customers also reported that their cards were temporarily blocked.

According to informed sources, UBL’s data was compromised, which resulted in these transactions. These claims, however, were not independently verified.

Many customers took to Twitter and other social media platforms to voice their concerns.

ProPakistani contacted a spokesman for United Bank Limited for comment on this matter, but they have yet to respond.

Because UBL has not responded to our questions and has not kept its customers up to date via social media, it is difficult to determine the extent or type of damage done.

Many customers took to Twitter and other social media platforms to voice their concerns.

In the last two years, as the use of digital banking has grown, data breaches have become increasingly common in Pakistan, despite the banking regulator and relevant ministry issuing a strict cybersecurity policy.

In the last six months, not only banks but also various departments such as the Federal Board of Revenue (FBR) and the Ministry of Finance have experienced data breaches. Public and private financial institutions should develop a comprehensive strategy to protect their customers and systems from hacking attempts.

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