Standard Chartered Bank ATM Machine Hacked By Hackers

Standard Chartered Bank customers were recently left shocked when they received transaction alerts through SMS and emails for withdrawals of around Rs. 50,000 from their bank accounts without any action on their part.  There were a few bank customers who did not even get any report through SMS or email but were made aware of the hack when their ATMs did not process their transactions and their debit cards were blocked. It is yet unclear that how many Standard Chartered customers were impacted with this hacking attempt, however, traces reveal that this incident siphoned off a huge money in a few seconds from Pakistan to England, where the headquarter of SCB is operated.

Early investigation reveals that SCB Pakistan ATMs were hacked from England

In desperate attempts, some of the customers who mainly maintained salary accounts, made phone calls to customers care support and few of them rushed to related branches to report the incident.
The bank initially responded positively to all affected customers and informed them that a hack on the bank’s online system was responsible for the inconvenience. These customers were assured that their stolen money would be reimbursed as soon as possible but it would take time to get the details of the affected customers and reimburse the money.
Things weren’t straight forward for everyone though. “When I contacted branch manager, he said that your account got trouble due to criminal activity”, an affected customer told ProPakistani. “I was advised to meet bankers working in the fraud department in order to get my money back.”, he added.
Despite the promise of quick action, there are many customers who have not been reimbursed their money yet, which is simply poor quality of customer service.
The inconvenience didn’t stop at stolen money. Customers were also deprived of debit card services as the hackers accessed data records of customers debit cards to transfer money from Pakistan to England. So in addition, customers’ debit cards were blocked by bank and such customers were asked to get their debit cards re-issued by SCB again.

“A recent skimming attempt at SCB ATM took place”, Farhan Ahmed, spokesman SCB Pakistan

Farhan Ahmed, spokesman of Standard Chartered Bank, said that attacks on the bank were not new. A recent skimming attempt at SCB ATM took place which is not unique but a common activity in the banking industry of Pakistan.
ATM skimming is a type of fraud which occurs when an ATM is compromised by a skimming device, a card reader which can be disguised to look like a part of the machine. The card reader saves the users’ card number and pin code, which is then replicated into a counterfeit copy for theft.
“The money in the customers’ bank accounts is insured and given to them in case of any such incident. The money of the customers is being reimbursed and majority of them received their cash in their accounts already”, he added.
It is an irony that despite the continuous growth in profitability and increase in customer base, the bank failed to equip its operations with advanced technology which could have prevented such a hacking attempt from being successful.
If foreign banks with international repute such as Standard Chartered Bank can’t ensure the security of their systems, how can people trust financial institutions and accept advanced service like mobile banking and internet banking?
Of course, incidents of fraud happen in advanced countries as well but in Pakistan perception is more than reality when it comes to banks and technology and this will surely deal a blow to the reputation of SCB in the country.
SHARE

Milan Tomic

Hi. I’m Designer of Blog Magic. I’m CEO/Founder of ThemeXpose. I’m Creative Art Director, Web Designer, UI/UX Designer, Interaction Designer, Industrial Designer, Web Developer, Business Enthusiast, StartUp Enthusiast, Speaker, Writer and Photographer. Inspired to make things looks better.

  • Image
  • Image
  • Image
  • Image
  • Image
    Blogger Comment
    Facebook Comment

9 comments:

  1. My ex ruined me broke due to his incessant extravagant spending , I found myself in a big mess. I talked to a loan company and I was told that they can't lend me loan . I was devastated, that's put me into a lot of debt. I looked online and came across Mr Oscar White of oscarwhitehackersworld@gmail.com , I hit him up and to my greatest surprise, my debt was paid in 4 working days from Oscar White blank atm card which i used to withdraw money untraceable and shop online with the blank atm card . I was so amazed and it didn't cost me too much to get the card and today have made up to $50,000.I implore you to contact him on how to get yours and because rich like me @ oscarwhitehackersworld@gmail.com or whats-app +1(323)-362-2310.No doubt he's the best out there and your problems will be solved!

    ReplyDelete
    Replies
    1. Hello all
      am looking few years that some guys comes into the market
      they called themselves hacker, carder or spammer they rip the
      peoples with different ways and it’s a badly impact to real hacker
      now situation is that peoples doesn’t believe that real hackers and carder scammer exists.
      Anyone want to make deal with me any type am available but first
      I‘ll show the proof that am real then make a deal like

      Available Services

      ..Wire Bank Transfer all over the world

      ..Western Union Transfer all over the world

      ..Credit Cards (USA, UK, AUS, CAN, NZ)

      ..School Grade upgrade / remove Records

      ..Spamming Tool

      ..keyloggers / rats

      ..Social Media recovery

      .. Teaching Hacking / spamming / carding (1/2 hours course)

      discount for re-seller

      Contact: 24/7

      fixitrogers@gmail.com

      Delete
  2. Technical aspects of handling security breach should be addressed comprehensively, so that you are intend in-depth knowledge on how to prevent security breaches. cyber security training in hyderabad

    ReplyDelete
  3. Thumbs up guys your doing a really good job. It is the intent to provide valuable information and best practices, including an understanding of the regulatory process.
    Cyber Security Course in Bangalore

    ReplyDelete
  4. Very nice blog and articles. I am realy very happy to visit your blog. Now I am found which I actually want. I check your blog everyday and try to learn something from your blog. Thank you and waiting for your new post.
    Cyber Security Training in Bangalore

    ReplyDelete
  5. I will really appreciate the writer's choice for choosing this excellent article appropriate to my matter. Here is deep description about the article matter which helped me more.
    Best Institute for Cyber Security in Bangalore

    ReplyDelete
  6. Hello all
    am looking few years that some guys comes into the market
    they called themselves hacker, carder or spammer they rip the
    peoples with different ways and it’s a badly impact to real hacker
    now situation is that peoples doesn’t believe that real hackers and carder scammer exists.
    Anyone want to make deal with me any type am available but first
    I‘ll show the proof that am real then make a deal like

    Available Services

    ..Wire Bank Transfer all over the world

    ..Western Union Transfer all over the world

    ..Credit Cards (USA, UK, AUS, CAN, NZ)

    ..School Grade upgrade / remove Records

    ..Spamming Tool

    ..keyloggers / rats

    ..Social Media recovery

    .. Teaching Hacking / spamming / carding (1/2 hours course)

    discount for re-seller

    Contact: 24/7

    fixitrogers@gmail.com

    ReplyDelete
  7. i am a successful business owner and father. I got one of these already programmed blank ATM cards that allows me withdraw a maximum of $5,000 daily for 30 days. I am so happy about these cards because I received mine last week and have already used it to get $20,000. Skylink technology is giving out these cards to support people in any kind of financial problem. I must be sincere to you, when i first saw the advert, I believed it to be illegal and a hoax but when I contacted this team, they confirmed to me that although it is illegal, nobody gets caught while using these cards because they have been programmed to disable every communication once inserted into any Automated Teller Machine(ATM). If interested get through to them on mail: skylinktechnes@yahoo.com  or  whatsapp/telegram: +1(213)785-1553  

    ReplyDelete
  8. Most of the modes for preparing for CCNA Certification - study guides, forums, online and classroom courses, etc., - give the students several CCNA tests to prepare them for the actual CCNA exam. CCNA Training in Pune

    ReplyDelete