Meezan Bank has reimbursed customers who were affected by unauthorized debit card transactions, following allegations of a third-party data breach.
The bank clarified that its own systems remain secure and were not compromised. Instead, the issue occurred because customers unknowingly shared their card details on insecure websites or applications.
The breach led to fraudulent transactions, including payments in Malaysian currency, with some incidents linked to platforms like Facebook. This event has raised concerns about the growing threat of cybercrime in Pakistan.
In response to increasing cybercrime cases, the government is considering amendments to the Prevention of Electronic Crimes Act (PECA) to strengthen cybersecurity laws.
However, experts remain skeptical about the effectiveness of these changes, particularly with the establishment of the National Cyber Crime & Investigation Authority (NCCIA).
Critics argue that the government needs a more comprehensive approach to tackle cybercrime and protect users’ data.
This incident serves as a reminder for individuals to be cautious when sharing sensitive information online. It also highlights the urgent need for better awareness and stronger measures to safeguard digital transactions in Pakistan.
