Bank Islami

Bank Islami the Islamic commercial bank which obtained the license of Islamic banking according to Islamic bank policy. For October, 2018 the bank offers banking services, consumer loans and products of trade financing. The bank intends to focus on capital management as the main sphere of business and is going to start soon the patented products and the integrated services of financial planning.

The branch network of bank for October, 2018 consists from from 317 branches in 93 cities through the whole country.

History

2018: Cracking of a system of payment cards

On October 28, 2018 the Pakistani bank Bank Islami announced cracking of the system of payment cards. As a result of an incident malefactors managed to steal $6.5 million, however the financial organization denies this information. Cracking of Bank Islami is large cyber attack in the country.

Incident was detected in October 28 when the internal system of security recorded suspicious transactions using the debit cards issued to Bank Islami outside the country. The management of bank without delay turned off access of bank to international payment systems.

According to the statement of Bank Islami, financial organization it was succeeded to return everything the means stolen from customer accounts. Though the international processing systems of payments give the amount of $6.5 million, according to bank representatives, malefactors stole 2.6 million Pakistani rupees (about $19.5 thousand).

According to an anonymous source: "Explicit information leak from Bank Islami takes place, digital copies of these credit cards of clients of Bank Islami fell into hands of hackers. Generally transactions were performed in Brazil and the USA, and their most part was carried out via PoS-terminals in Target shops."^[1]

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