Mandi Bahauddin man loses quarter of a million in alleged ATM hacking incident

Published December 15, 2018
A file photo of cash being withdrawn from an ATM.
A file photo of cash being withdrawn from an ATM.

A Mandi Bahauddin resident claimed on Saturday to have mysteriously lost a quarter of a million rupees from his bank account in what he alleged was an ATM hacking incident.

The account holder told DawnNewsTV that he had deposited Rs0.5 million in his account with a private bank at 11 in the morning on Thursday.

In the evening, he said, he began receiving automated notifications on his mobile phone about debit transactions from his account even though his ATM card was in his possession.

By the time he reached his bank, Rs252,000 had already been withdrawn from his account, the victim claimed, adding that he was told by the bank's helpline that the funds were withdrawn from an ATM of a branch located at Pico Road, Lahore.

The victim said that he had been defrauded by hackers, and asked the chief minister to help recover his lost funds.

Incidents of ATM hacking and skimming were on the rise in Pakistan in 2018, with at least six Chinese men, said to be members of an organised gang, apprehended in Karachi in January on charges of their involvement in the crime.

Skimmers are physical devices that are installed over the actual ATM card slots that capture data from cards' magnetic strips, which are later copied onto replica cards that are used to conduct fraudulent transactions.

Opinion

Editorial

23 May, 2022

Defection rulings

By setting aside the existing law to prescribe their own solutions, the institutions haven't really solved the crisis at hand.
23 May, 2022

Spirit of the law

WOMEN’S right to inheritance is often galling for their male relatives in our patriarchal society. However, with...
23 May, 2022

Blaming others

BLAMING the nebulous ‘foreign hand’ for creating trouble within our borders is an age-old method used by the...
Updated 22 May, 2022

Back in the game?

WITH the new government struggling to make crucial decisions independently, Pakistan’s ‘parallel governance...
22 May, 2022

Currency concerns

IN the midst of the power struggle in the country, the rupee slid past 200 to a dollar in the interbank market last...
Updated 22 May, 2022

Shireen Mazari’s arrest

Abuse of power can never be condoned, regardless of who it targets or from where it emanates.