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Pakistani Bank Cards worth $3.5 Million details Leaked: Report



An international company named Group-IB has discovered that around 69,189 Pakistani bank cards are available for sale on dark web. The company specializes in preventing cyber attacks.

Market value of this database is estimated at nearly $3.5 million. This is the second biggest sale of Pakistani bank cards since last attack in October, 2018. According to Group-IB, this indicates the activity of advanced financially motivated threat actors in the region.

Majorly, all the unauthorized digital copies of the information contained in the magnetic stripe of a payment card were related to single bank-Meezan Bank Ltd with 96% of all card dumps.

As security measure, Meezan Bank spokesperson has said that following the last hack, which took place 6 months ago, the bank has asked its customers to change the PIN numbers and added various other security measures.


Full statement of spokesperson is as follows:

“We are aware of this rumor going around. All our security measures are in place and we have not experienced any unusual event.
Also, we have taken the following steps to safeguard our customers:

                i.     Customers are forced to change their PINs on ATM machines if they                haven’t changed them in 6 months.
              ii.   All Meezan Bank ATMs are Chip Card enable which protects against any        skimming
    iii.  Furthermore, Meezan Bank has introduced a unique and innovative          SkimGuard service that protects high value transactions through real time    OTP verification on ATM machine.

As you can see, we have various steps in place to ensure the safety and security of our customers and their data. While we are unable to verify the authenticity of the rumours at this point, we can confirm that our customers, their cards and their money is safe.”

Double Trouble for Pakistani Banks?

The detail of Pakistani cards is sold on the dark web. The cards are sold on higher prices than usual. Each card is sold at $50 or more, whereas the other cards are sold at a range of $10 to $40. The higher price is due to availability of PIN codes along with each card.

1,535 cards were dump in January 24, 2019 and out of these 1,457 were issued by Meezan Bank Ltd. This is worth noting that is batch of cards were not announced on the forum.

The second tier included 67,654 cards from Pakistani banks which is significantly a large number.

Dmitry Shestakov, Head of Group-IB cybercrime research unit, said: “The scale, volume, frequency and connection to one institution contributes to the theory that the 
leak might be involved in a larger incident, potentially an advanced actor gaining access to card systems within Pakistan.”

Which bank account do you have? Are you worried about this? Tell by commenting below.

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