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Hacked! Faysal Bank customers get the most unbelievable shock of their lives during Ramazan

04:58 PM | 11 Jun, 2016
Hacked! Faysal Bank customers get the most unbelievable shock of their lives during Ramazan
LAHORE (Web Desk) - Dozens of Faysal Bank’s customers have reportedly been robbed by unknown hackers who have withdrawn a significant amount of money from their accounts.

The bank’s customers were shocked earlier this week when they received an SMS and email alerts about the withdrawal of money from their accounts without their use or knowledge, ProPakistani reported.

This is the not the first time that customers of Faysal Bank Limited have fallen prey to skimming attacks. Similar cases were reported back in December 2015 by customers, who were clueless when their money was transferred out of their accounts.

The bank’s management said it was trying its level best to prevent such attacks but met failure when hackers from different countries acquired customers’ details and transferred their money from their accounts to their own kitty.

While the bank failed to recover the money, it has promised to compensate customers within 40 days from its own profits, according to a senior banker at Faysal Bank Limited.

Usually such skimming attacks cost hundreds of thousands of rupees to banks. But the bank officials fear this time, the amount could be millions considering the number of victims across the country.

Moreover, the recovery process for the money in a case of hacking is laborious as bankers doubt the victims in the initial stages.

“We do compensate every customer who becomes victim of such incident. We investigate the matter and refund the money although the terms and conditions signed by customer with bank do not guarantee repayment of such loss of money,” a senior banker told ProPakistani.pk.

The bank’s customers have called for more investment on the security of their data, calling on the central bank to take notice of the frequent hacks in Pakistani banks.

Faysal Bank Limited is a mid-tier bank with increasing number of customers using plastic money (credit and debit cards).

The writer is a member of the staff.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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