Rising prevalence of ATM fraud­

THE recent ATM card skimming incident is a wake-up call for banks in Pakistan to ensure their customer’s data security against all possible threats.

The central bank, on its part, has reminded banks of their responsibility to implement all regulations of Payments Card Security (PCS) that it introduced back in June 2016.

Habib Bank Ltd, the bank whose depositors’ ATM cards were skimmed, has started compensating the affected customers. And the Federal Investigation Agency (FIA) is now investigating the matter.

Customers’ data security is one of the biggest challenges that banks the world over face. All central banks continue to strengthen regulations aimed at preventing a security breach

Customer data security is one of the biggest challenges that banks the world over face. And all central banks continue to strengthen regulations aimed at preventing a security breach.

But Pakistani banks have now become even more vulnerable. “We not only face threats from hackers who skim ATMs or manipulate online accounts just for swindling money, but also from organised hacking groups whose objectives are wider,” says the head of a local bank.

“Pakistan’s entire security establishment is walking a tight rope after entering into the CPEC [China-Pakistan Economic Corridor]. Foreign powers are making every effort to embarrass the country. We need to thoroughly investigate the real motives behind the recent skimming in the light of previous bank data stealing incidents in which some Chinese nationals were involved,” a well-placed source in the FIA told this writer.

“Last year, and then a few months ago, the FIA arrested Chinese nationals involved in stealing data from banks,” according to the remarks attributed to FIA deputy director Hameed Bhutto in a recent Dawn story.

In the current spate of ATM skimming, 296 customers of HBL have so far confirmed being defrauded, an aggregate loss of Rs10.2m, implied a press release issued by the State Bank of Pakistan (SBP) on Dec 5. The number of bank accounts affected, though, is around 600, according to newspaper reports.

Although HBL has started reimbursing depositors who lost their money, the reimbursement is being made after thoroughly verifying the claims of the victims, a senior bank official told this writer.

At this stage, it’s difficult to ascertain the exact amount that the skimmers might have stolen from depositors’ account. Nor can it be claimed with certainty that no more ATM skimming complaints would pour in, FIA officials reckon.

These officials also say, and bankers confirm, that HBL is not the only bank whose depositors have fallen victim to ATM fraud. It is just that in the recent case, a large number of skimming complaints have surfaced in one go.

Back in June 2016, the SBP required all banks to develop infrastructure for adopting Europay Master Card Visa (EMV) standards by June 30, 2018 as part of enhanced PCS regulations, according to a Dec 5 press release.

The use of ATMs has been growing rapidly in Pakistan. About 110m ATM transactions valuing Rs960bn took place in the nine months through March, according to SBP

Debit cards of EMV standards, featuring a chip and two-factor authentication “are now considered the most effective countermeasure for card cloning through skimming globally”, the SBP has reminded banks.

Even if all debit cards comply with EMV standards, as they are supposed to, by June next year, it does not mean that chances for ATM skimming and debit card cloning by tech-savvy criminals would end automatically.

“Banks will also have to maximise their internal network security and sensitise their customers on taking some precautionary measures while using their cards,” says Muhammad Kashif, a software developer who also works for a leading local bank.

At the beginning of this month, the US Department of Homeland Security unearthed a skimming racket in Sacramento, California, and exposed how skimmers had managed to steal money from hundreds of local account holders of Golden 1 Credit Union ATMs between April and August this year. “This happened despite the fact that the account holders used EMV-compliant cards.”

One possible solution, as has been recommended by the SBP, is to promote the use of two-factor authentication process. BankIslami’s One Card, for example, allows its users to also use finger or thumb impression in addition to a PIN code for verification at ATMs.

SBP Deputy Governor Jameel Ahmad advised banks on Dec 7 to expedite the use of PayPak, a payment card developed under a domestic payment system 1Link, and urged them to ensure security of payment instruments to safeguard consumers’ money.

Over the years, the use of ATMs has been growing rapidly in Pakistan. According to SBP statistics, about 110m ATM transactions took place in just the nine months from July 2016 to March 2017, with the total value of these transactions exceeding Rs960 billion.

As banks continue to encourage their clients to use ATMs and as people experience the benefits doing so, these numbers are destined to grow. “We’ll do everything possible to prevent all sorts of tech frauds in the banking industry including ATM skimming, and keep a strict vigil on banks for any lapses on their part,” said a well-placed source in SBP.

Organisation of Islamic Cooperation Organisation (OIC) Stood up for Rohingya Muslims

Senior leaders of the Organization of Islamic Cooperation (OIC) member states have stressed the importance of taking swift action to put an immediate end to the ongoing brutal violence against the Rohingya Muslims in Myanmar.

Keep in note OCI is the biggest body on earth after United Nations. 

ASTANA, September 10. /TASS/. Turkey’s President Recep Tayyip Erdogan said on Saturday during a summit of the Organization of Islamic Organization (OIC) on sciences and technologies, held in Astana, his country is ready to help refugees from Myanmar.

The Turkish president said the Muslims seeking shelter in Bangladesh also need support.

“We have informed authorities of Bangladesh that we want to offer assistance,” he continued. “In order to stop this violence, all the Islamic states must apply effort together.”

 The situation deteriorated sharply on August 25 when hundreds of militants of the grouping that calls itself the Arakan Rohingya Solidarity Army attacked 30 police stations. The number of casualties of the ensuing clashes between the Moslems and Buddhists reached 402 in the course on a week and more than 18,000 Rohingyas fled the country.

Pakistani  President Mamnoon Hussain arrived in Asatana this afternoon to attend the Organization of Islamic Cooperation’s Science and Technology Summit. The two day summit would begin at the Kazakh capital tomorrow.  The Summit is the first of its kind as it specializes on issues related to health, education, innovation, research, space exploration, climate changes, food security and other vital issues for development.

On the sidelines of the first OIC summit on science and technology in Kazakhstan’s capital of Astana, the participants held an emergency meeting on the latest condition of the Rohingya Muslims amid the fresh wave of violence against the minority group and issued a statement.

The statement called for cooperation among Muslim countries aimed at dispatching humanitarian aid to the oppressed Rohingya and attending to the condition of the refugees.

The OIC leaders attending the Astana summit also expressed their deep concern about crimes and violence against the Rohingya Muslims.

Addressing the summit on Sunday, Iran’s President Hassan Rouhani underlined the need for unity and cooperation among Muslim countries as the key to rid the world of violence and reach permanent peace.

“We have all reached a consensus that the Muslim world is a crucial and effective part of the global system, and its capability, progress and stability lead to global capability, progress and stability,” the Iranian president said.


Iran’s President Rouhani made the remarks in an address to the first Organization of Islamic Cooperation (OIC) summit on science and technology in the Kazakh capital, Astana, on Sunday.

Myanmar’s government alleged last October that its posts had been attacked by Muslim militants, using the purported assault as a pretext for a siege on Rakhine state. It claimed that another attack had been carried out on August 25 this year, triggering the recent brutal crackdown on the civilians in that state.

Since the beginning of the fresh wave of violence, counteroffensives by Myanmar’s army have killed hundreds of people, burned thousands of houses, razed a large number of villages and depopulated vast swathes of land in Rakhine state. However, Myanmar’s leader, Aung San Suu Kyi, has dismissed the Rohingya crisis as a misinformation campaign, rejecting the occurrence of any clampdown on the minority.

There have been numerous reports of summary execution, rape, and other abuses against Myanmar’s Muslims since late last year.

Bangladesh: ‘genocide’ waged against Myanmar’s Rohingya

Also on Sunday, foreign minister of Bangladesh said genocide was being waged in Myanmar’s Rakhine state, triggering an exodus of nearly 300,000 Rohingya Muslims to his country.

“The international community is saying it is a genocide. We also say it is a genocide,” A.H. Mahmood Ali was quoted by AFP as saying after briefing diplomats in Dhaka.

Ali had a meeting with Western and Arab diplomats and the heads of UN agencies based in Bangladesh on Sunday to seek support for a political solution and discuss ways of delivering humanitarian aid to the Rohingya.

The Bangladeshi foreign minister told the diplomats that some 300,000 Rohingya Muslims had fled to his country in the past two weeks, increasing the total number of Rohingya refugees in Bangladesh to over 700,000.

“This is creating a huge challenge for Bangladesh in terms of providing shelter as well as other humanitarian assistance to them,” a Foreign Ministry statement said.

At least two diplomats who attended the briefings said the minister told them as many as 3,000 people may have been killed in the latest round of violence, AFP reported.

CPECB has become medium to connect Chinese Businessman

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China Pakistan Economic Corridor Businessman network has earned the title of honored and respected businessman network which has become a major medium to connect Chinese businessman with Pakistani businessman and all other belt and road member countries businessman directly.CPECB is maintaining its policy and services very strictly which allow the only businessman to become a member and building strong networking with other members in a note of business deals.

CPECB has offered multiple privacy to its members to ensure only active businessman who is importer, exporter, industrialist or services provider can interact with the clean and respected network to establish serious business relations.

As CPEC is getting in action where lots of businessmen looking for medium to connect with Chinese, Pakistani and another belt and road member countries like


CPECB.COM is active and in action which will enhance Pakistan export, trade, service, construction, agriculture, automobile, Technology, human resources and all the industry which are active in Pakistan or planning for new incorporation through CPECB.COM because non Pakistani who are interested can reach all sector companies owners in one place and get facilitate to establish business by developing relations and that what CPECB.com is offering.

If you are also looking to interact with above region members then you can apply for cpecb.com membership. For reference, you can visit https://www.cpecb.com