Federal Investigation Agency has warned the banks for the usage of Obselete Technology is making ATMs unsafe to skimming and fishing.
Mostly Pakistani banks use a technology for ATMs that needs to be upgraded for protection of the customers.
A case was reported earlier this month when 2 Chinese nationals were held for skimming. Reportedly, the information was being dispatched in a foreign country where the data was used to conduct money transactions through wire.
The agency has formally instructed the State Bank of Pakistan to direct all the banks operational here in the country to upgrade their security systems.
A statement given in this regard stated: “We have been coordinating with the State Bank on this matter. We have made arrests three Chineese nationals in two operations within a year and we have evidence of presence of more men of the same origin who are still actively operating in Karachi. The first case in the city was encountered in June last year after the arrest of a Chinese national but the recent arrests show that the scam goes on unchecked by the banks. It means that Pakistani banks are most vulnerable target for this foreign group as our ATMs don’t have advance security features.”