Photo used for illustrative purposes.

Gulf Today Report

Authorities have detected a cyberattack on the National Bank of Pakistan (NBP) that has disrupted its services which are likely to be restored by Monday, Dawn news reported.

READ MORE

A master of many trades, Charles Kieu is the definition of self-made

Tax amendment aims to avoid VAT double taxation

Dubai property sector zooms as real estate deals reach Dhs4.93b

"In the late hours of October 29 and early morning of October 30, a cyberattack on the NBP's servers was detected which impacted some of its services," Dawn news quoted a statement from the bank as saying.

Immediate steps were taken to isolate the affected systems, it added.

"At this point, no customer or financial data has been compromised. Remediation efforts are under way using industry-leading subject matter experts, including international resources wherever required," the bank statement said.

"While currently the NBP's services to its customers are disrupted, we are working to address the breach and confident that essential customer services will be restored by Monday morning.

"We are grateful for the understanding of our customers in this unusual situation...," it added.

Confirming the development, the State Bank of Pakistan (SBP) said the incident was being investigated, according to Indo-Asian News Service.

"NBP has not observed any data breach or financial loss," the SBP said in a tweet, adding that no other bank had reported such an incident.

"The SBP is monitoring the situation closely to ensure safety and soundness of the banking system," the central bank added.